One benefit of having pay directly deposited in an employee's checking account is that the income taxes are lower. bank cannot charge the account holder any fees. O paycheck cannot be lost or stolen. bank must pay interest on the account.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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One benefit of having pay directly deposited in an employee's checking account is that the
DOincome taxes are lower.
bank cannot charge the account holder any fees.
paycheck cannot be lost or stolen.
bank must pay interest on the account.
w!se
Transcribed Image Text:One benefit of having pay directly deposited in an employee's checking account is that the DOincome taxes are lower. bank cannot charge the account holder any fees. paycheck cannot be lost or stolen. bank must pay interest on the account. w!se
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