Answered

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What is an advantage for a person to have their paycheck directly deposited into their bank account?

A. Paycheck funds are available faster than if the person brought the paycheck to the bank.
B. Check-cashing stores only cash personal checks, not paychecks.
C. Taxes deducted from gross pay are lower if the paycheck is sent directly to the bank.
D. Paycheck funds will only be spent on budgeted items.

Sagot :

GinnyAnsweridn

Final answer:

Direct deposit into a bank account provides convenience, speed, and safety for accessing funds.


Explanation:

Having a paycheck directly deposited into a bank account offers several advantages:

  • Convenience: Direct deposit eliminates the need to physically cash or deposit a paycheck, making access to funds more convenient.
  • Speed: Paycheck funds are available faster with direct deposit compared to traditional methods.
  • Safety: Money in a bank account is secure, FDIC insures deposits up to $250,000 in case of bank failure.

Learn more about Direct deposit and its advantages here:

https://brainly.com/question/34060647


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