The retention period for payroll documents commences:
A) When an employee's ﬁrst pay is disbursed.
B) When an employee terminates employment.
C) At the time an employee is hired.
D) Once the employee completes one year of service.

Question

Quizplus · Accepted Answer

The retention period for payroll documents starts when an employee terminates employment. This is because the documents may need to be accessed for tax, legal or audit purposes after the employee leaves the company.

The Retention Period for Payroll Documents Commences