If a Company Uses a Special Payroll Bank Account

question 161

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 bank account.
• D) There is no need for a payroll register.
• E) There is no need to issue W-2's.

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Definitions:

Dactyl/o

refers to a word root indicating fingers, toes, or digits.

Cytoplasm

The material or protoplasm within a living cell, excluding the nucleus, containing various organelles where cellular processes occur.

Nuclear Membrane

The double-layered membrane that encloses a cell's nucleus, controlling the passage of materials in and out.

Element

A pure substance consisting of only one type of atom, distinguished by its atomic number.