Question

FLSA requires certain records to be kept by all covered employers for all employees and retained for how many years?

A. Two years
B. Three years
C. Four years
D. Two or three years"

Answer 1

The FLSA requires employers to keep payroll records for three years and records for wage computations for two years, making the correct answer 'D. Two or three years.'

Step-by-step explanation:

The Fair Labor Standards Act (FLSA) sets a number of record-keeping requirements for employers. According to the FLSA, employers must keep payroll records, collective bargaining agreements, sales, and purchase records for at least three years. Furthermore, records on which wage computations are based should be retained for two years, such as time cards and piece work tickets, wage rate tables, work and time schedules, and records of additions to or deductions from wages.

In response to the question, the answer is D. Two or three years, with the longer period applicable to payroll records and the shorter period applicable to wage computation records.