the “paperless payroll law” and many employers opted to give their employees pay cards instead of cash, checks, or direct deposit. This practice spread to many other states including New York. In 2017, the law was revoked because it made employers into de facto financial institutions. What are the issues with
the “paperless payroll law” and many employers opted to give their employees pay cards instead of cash, checks, or direct deposit. This practice spread to many other states including New York. In 2017, the law was revoked because it made employers into de facto financial institutions. What are the issues with
Chapter4: Gross Income: Concepts And Inclusions
Section: Chapter Questions
Problem 6DQ
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The state of Kansas passed legislation that allowed employers to select their employee's payment methods. The legislation was known as the “paperless payroll law” and many employers opted to give their employees pay cards instead of cash, checks, or direct deposit. This practice spread to many other states including New York. In 2017, the law was revoked because it made employers into de facto financial institutions. What are the issues with this practice? What are the benefits?
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