Deal of The Day! Hurry Up, Grab the Special Discount - Save 25% - Ends In 00:00:00 Coupon code: SAVE25
Welcome to Pass4Success

- Free Preparation Discussions
Mail Us support@pass4success.com
Location US
Mob_nav_barsMENU

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:

Show Suggested Answer Hide Answer
Suggested Answer: D

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

Limited Time Offer

25%

Off

Get Premium CPFO Questions as Interactive Web-Based Practice Test or PDF

Contribute your Thoughts:

0/2000 characters
Submit Cancel
Annalee
3 days ago
Yup, all those options are common uses!
upvoted 0 times
...
Steffanie
8 days ago
Wait, are payroll taxes really done via EFT?
upvoted 0 times
...
Vanesa
14 days ago
Actually, it's used for pensions too!
upvoted 0 times
...
Chun
19 days ago
I thought EFT was only for payroll.
upvoted 0 times
...
Bok
24 days ago
Really? I didn’t know EFT covered so much.
upvoted 0 times
...
Tiffiny
29 days ago
D) None of these is correct!
upvoted 0 times
...
Willard
1 month ago
Wait, are payroll tax payments not included?
upvoted 0 times
...
Kayleigh
1 month ago
Actually, it’s used for benefits too.
upvoted 0 times
...
Lorenza
1 month ago
I thought EFT was only for payroll.
upvoted 0 times
...
Gladys
2 months ago
I believe the answer is D) None of these since they all seem like valid EFT uses, but I could be wrong.
upvoted 0 times
...
Pamela
2 months ago
I’m pretty confident that pension payments and benefits transfers are definitely EFT applications, but I’m a bit uncertain about the payroll tax payments.
upvoted 0 times
...
Kristofer
2 months ago
I think all the options listed are common uses of EFT, but I feel like there was a question similar to this in our practice exam.
upvoted 0 times
...
Cheryl
4 months ago
I remember we discussed EFT applications in class, but I'm not sure if payroll tax payments are included.
upvoted 0 times
...

Save Cancel