Companies May Use a Special Bank Account Solely for the Purpose

Multiple Choice

Companies may use a special bank account solely for the purpose of paying employees, by depositing an amount equal to the total employees' net pay into the account each pay period and drawing the employees' payroll checks on the account. This account is a(n) :

A) Payroll bank account.
B) Federal depository bank account.
C) Employee's Individual Earnings account.
D) Payroll register account.
E) Employees' bank account.