When a Payroll Check Is Subject to Escheatment, Who Handles

question 3

Multiple Choice

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.

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Definitions:

Mutual Savings Bank

A financial institution owned by its depositors, primarily engaging in saving accounts and residential mortgage lending.