Journal Problem: The Payroll, Regisyer, Employees Earnings Records, and Accounting System Entries
Locate information regarding payroll reporting, record retention, and escheatment. Link your website(s) and explain the regulations you have researched. Answer the following questions:
a) What is escheatment and what are state laws and regulations on abandoned or unclaimed payroll funds?
b) Within payroll reporting compliance, what information should be reported and how often? What information should be posted for employees?
c) How long are employers required to maintain payroll records and how should they be maintained?
The response must include a reference list. Using Times New Roman 12 pnt font, double-space, one-inch margins, and APA style of writing and citations.