Certified Payroll Professional Practice Exam 2025 - Free CPP Practice Questions and Study Guide

Question: 1 / 400

When must a direct deposit reversal be initiated after a common error is detected?

Within 3 days

Within 7 days

Within 10 days

Within 5 days

A direct deposit reversal must be initiated within 5 days after a common error is detected. This timeframe is crucial to ensure that any incorrect direct deposits are promptly addressed and resolved for both the employer and the employee. Initiating the reversal within 5 days helps maintain accuracy in payroll processing and ensures that any errors are quickly rectified without causing significant delays or complications. The other options are incorrect as they do not align with the standard timeframe required for initiating a direct deposit reversal after a common error is identified.

Get further explanation with Examzify DeepDiveBeta
Next Question

Report this question

Subscribe

Get the latest from Examzify

You can unsubscribe at any time. Read our privacy policy