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Payroll Quiz Payroll

For an employee, which of the following is a benefit of using direct deposit?

Eliminates the need for the employee to reconcile bank accounts

Allows employee to commit fraud more easily

No direct benefit to employee

Eliminates the need for the employee to go to the bank to deposit a check, since pay is deposited directly in the bank, often the day before payday

Answer:
Eliminates the need for the employee to go to the bank to deposit a check, since pay is deposited directly in the bank, often the day before payday

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