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In this 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. The teacher outlines the information required to complete the direct deposit authorization form, including the employee's name, address (e.g., where they live), city (e.g., Louisville), state (e.g., Kentucky), and zip code. The teacher provides an example address to clarify what is needed for the form.