1) . Employers have some latitude in determining how to keep time records, but all employers...

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Accounting

1) . Employers have some latitude in determining how to keeptime records, but all employers must:
a. send their time records in with their quarterly payroll taxreturns to the IRS.
b. have a verifiable method for recording hours each employeeworks each workday and workweek.
c. have their system authenticated by the FLSa.
2) . One of the primary drivers behind the need for 'nextgeneration' (ie – digital) timekeeping and attendance systemsis:
a. the number of employees that work outside the traditional 9-5office environment
b. increasing 'time theft'
c. the advent of job sharing
d. requirements by the FLSA
I3) . f a nonexempt employee takes work home
a. the hours worked are compensable at 2.0 times the regularrate of pay.
b. the hours worked are compensable.
c. the hours worked are compensable, but only if theemployer expressly required the employee to take work home.
d. it is compensable, unless it relates to answering emails orresponding to work-related social media, in which case the hoursare not compensable.

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Often swamped with paperwork many entrepreneurs wonder how long you should keep business records The answer depends a great deal upon whom you ask and what the record pertains to in your business The IRS sets some basic record retention standards for taxrecords Yet lawyers accountants banks and government agencies all seem to have different ideas about how long to retain business records depending upon your individual business circumstances In our digital era both paper and electronic documents need to be considered in your record preservation plans Here are some basic record retention rules to think about for your business Business Income Tax Returns and Supporting Documents It makes sense to keep a final copy of your business income tax returns and related correspondence with the IRS permanently to help you prepare future or amended returns The IRS recommends that you retain supportive records that corroborate any business income or deductions claim until the period of limitations expires for that tax return The period of limitation is the time period from your See Answer

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