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As is common payroll procedure for most employers, Marissa's company _____________ her paycheck bi-monthly into her checking account. This is a paperless process and no check is issued to the employee. By logging into her personnel system, Marissa has record of the net pay that was deposited into her personal checking account and an account of how much was taken out for taxes, Medicare, social security (FICA) and other deductions. Marissa's company has adopted an efficient _________ system.

Respuesta :

knowledgepower50

Answer:

direct deposits; electronic funds transfer

Explanation:

Direct deposits are a common, automated method of payrolls. The process is fully electronic, without any paperwork needed. It is fully secure and the transfer itself is made by ACH (Automated Clearing House).

Electronic funds transfer is a broad term referring to the transfer of funds from a bank account to another bank account. EFT systems are highly computerized. Therefore, Marissa's company has successfully implemented an electronic funds transfer system.

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