Reference no: EM13927172

No taxes and keeping the money you make what a novel concept and one that kept Bob Walker happy. His only requirements were that he pays into his employee's pension plan and their healthcare by matching what they paid into it.

That was too much for Bob, who liked to live large and have lots of "toys". He lived the life of a player, until he had purchased Caycar Printing he jumped from job to job, was married several times and not considered a responsible person at all. However, he ran Caycar Printing successfully for many years with 15 employees. Bob's responsibility, by law, was to deduct healthcare and pension plan money from his employees and match the amount then pay the amount to the National Pension Fund in a timely manner. He would deduct the money but would not match it or pay it.