When a payroll check is subject to escheatment, who handles the distribution of the money?
A) The IRS.
B) The employee.
C) The state laws.
D) The company.

Question

Quizplus · Accepted Answer

When a payroll check is subject to escheatment, the distribution of the money is handled by state laws. Escheatment is the process where unclaimed or abandoned property, including payroll checks, is turned over to the state. The state then holds onto the property until the rightful owner claims it.

When a Payroll Check Is Subject to Escheatment, Who Handles