Final answer:
Under federal law, employers are required to keep certain payroll records for each employee.
Step-by-step explanation:
Under federal law, certain payroll records must be maintained by employers. For each employee, the employer is required to keep a record of:
- The employee's wages and hours worked
- Any deductions made from the employee's wages
- Taxes paid by the employer based on the employee's wages
- Other relevant information, such as employee benefits and overtime
These records are important for various purposes, including ensuring compliance with labor laws, calculating taxes, and providing documentation for employee compensation.