A special bank account used solely for the purpose of paying employees,is created by depositing the amount of each employees' net pay into the account every pay period.This account is referred to as a(n):
A)Federal depository bank account
B)Employee's Individual Earnings account
C)Employees' bank account
D)Payroll register account
E)Payroll bank account

Question

Quizplus · Accepted Answer

This type of bank account is specifically designed to hold funds that are used solely for paying employees. It is commonly referred to as a payroll bank account.

A Special Bank Account Used Solely for the Purpose of Paying