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GFOA CPFO Exam - Topic 9 Question 126 Discussion

EFT is most widely used for direct deposit of payroll but other common applications include all of the following EXCEPT:
D) None of these
A) Pension benefit payments
B) Payroll tax payments to the Internal Revenue Service
C) Electronic benefits transfer to recipients of the food stamp, Supplemental Security Income (SSI), Social Security, and Temporary Assistance to Needy Families (TANF) programs

GFOA CPFO Exam - Topic 9 Question 126 Discussion

Actual exam question for GFOA's CPFO exam
Question #: 126
Topic #: 9
[All CPFO Questions]

EFT is most widely used for direct deposit of payroll but other common applications include all of the following EXCEPT:

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Suggested Answer: D

by Eric at May 15, 2026, 01:38 PM

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Cheryl
28 days ago
I remember we discussed EFT applications in class, but I'm not sure if payroll tax payments are included.
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