If a Company Uses a Special Payroll Bank Account

question 27

Multiple Choice

If a company uses a special payroll bank account:

• A)The company does not need to issue paychecks.
• B)The company draws one check for the entire payroll on the regular bank account and deposits it in the payroll bank account.
• C)The company must use a federal depository bank for the payroll.
• D)There is no need for a payroll register.
• E)There is no need to issue W-2's.

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Definitions:

Stream Scheduling

A method used in computing and broadcasting for organizing data processing or transmission according to a predetermined sequence or time.

Time-specified Scheduling

An appointment system where patients are given specific times for their visits, aiming to reduce waiting periods and streamline the process.

Double-booking System

A method used in accounting that records each transaction in two accounts to ensure the balance sheet remains balanced.

Average Visit

An average visit typically refers to the median length or type of encounter experienced by individuals when attending a specific event, facility, or practitioner.