Sunday, January 31, 2010
Chapter 5 Reflection
This past week in class we have been learning about different laws that a business is governed by and it is important that the human resource department ensures they are followed. This past weekend I have been working on taxes and noticed that my wife’s work did not take out any federal or state tax during the year 2009. Although they did for the first two pay periods and then they ran into financial troubles. So did they do this to ease their financial status? I hope not and I am curious to know if they paid their payroll tax, FICA, and other taxes that are required. Now this issues is not a big deal for my wife and I but it could imposes charges from the IRS because they will probably want the interest in which that money would have made, had it been paid when it should. So as a HR manager these types of things are important they don’t get over looked. I will post more as I find out more as to what will happen.
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