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In today's lesson, the teacher explains the direct deposit process, wherein earnings from work are deposited directly into a bank account instead of receiving a physical paycheck. The focus is on completing a direct deposit authorization form, which requires specific information. Essential details needed include your name, address (e.g., 614 Douglas Park), city (Louisville), state (Kentucky), and zip code. These pieces of information are necessary to ensure your pay is correctly deposited into your account.