Which of the following is true about document retention requirements per the IRS statute of limitations?
A) Federal legislation requires documents to be retained for two years after the employee's termination.
B) Payroll records must be maintained for three years after termination.
C) Union employees' records must be retained for five years after termination.
D) State legislation requires records to be retained for a minimum of eight years after termination.
Correct Answer:
Verified
Q44: Mako was an employee of the Jaeger
Q45: Geoff is the payroll clerk for a
Q46: Employee file maintenance is the responsibility of
Q47: Computerized payroll records are considered a(n):
A)Open system.
B)Open
Q48: When a payroll clerk receives an approved
Q50: Natalie is involuntarily terminated by a company
Q51: When developing the internal controls and record
Q52: Upon termination,which of the following must be
Q53: Max Johnson was terminated from a company
Q54: A firm needs to destroy paper payroll
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents