kashiffakih

 Profile Answers by kashiffakih 

• Nov 10th, 2010

 

The administration of the financial record of employees' salaries, wages, bonuses, net pay, and deductions
An employer, regardless of the number of workers they employ, must maintain all records pertaining to payroll taxes (income tax withholding, Social Security and federal unemployment tax) for at least four years after the tax becomes due or is paid, whichever is later. Altogether, 20 different kinds of employment records must be kept just to satisfy federal requirements