Question 1

Where do I deposit the employee payroll deductions that are withheld?

admin · Accepted Answer

You, the employer, establish a separate checking account for these monies. As the money is withheld each pay period, it is deposited into this reimbursement checking account. The account may be at the bank of your choice and any type of checking account that you desire. Monies deducted for group insurance premiums are not deposited to the reimbursement account. They are paid directly to the insurance company.

Question 2

Where do I deposit the employee payroll deductions that are withheld?

admin · Accepted Answer

You, the employer, establish a separate checking account for these monies. As the money is withheld each pay period, it is deposited into this reimbursement checking account. The account may be at the bank of your choice and any type of checking account that you desire. Monies deducted for group insurance premiums are not deposited to the reimbursement account. They are paid directly to the insurance company.