If a Company Uses a Special Payroll Bank Account

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.