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In today's lesson, the teacher explains the direct deposit form, which allows employees to receive their earnings directly into their bank account instead of receiving a physical paycheck. To complete the direct deposit authorization form, the following information is required: your name (e.g., Pacific), your address (where you live, such as 614 Douglas Park), your city (Louisville), your state (Kentucky), and your zip code. The focus is on understanding what information is needed to ensure paychecks are conveniently deposited into the designated bank account.