What are the issues with Paperless payroll law
Discipline: Accounting
Type of Paper: Other
Academic Level: Undergrad. (yrs 1-2)
Paper Format: Not applicable
Pages: 1
Words: 275
Question
Description
consider the following scenario and answer the questions using at least 200 words.
The state of Kansas passed legislation in 2007 that allowed employers to select their employee pay method. The legislation was known as the "paperless payroll law," and many employers opted to give their employees paycards instead of cash, check, or direct deposit. The 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 In 2017, the law was revoked because it made employers into de facto financial institutions.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?
