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In today's lesson, the teacher explains the direct deposit form, which allows employees to have their earnings deposited directly into their bank accounts instead of receiving a physical paycheck. To complete the form, you'll need to provide specific information: your name, address (where you live), city (e.g., Louisville), state (e.g., Kentucky), and zip code. The teacher uses their own name, "Pacific," and an example address, "614 Douglas Park," to illustrate the required details for the direct deposit authorization form.