Certified Payroll Professional Practice Exam

Unclaimed properties are assets or funds that have not been claimed by their rightful owner within a specified period of time. These properties are typically subject to escheatment procedures, which involve transferring them to the state's unclaimed property division. This is done to ensure that the properties are not left unclaimed indefinitely and are made available for the owner to claim in the future. Therefore, options A, B, and D are incorrect as they do not align with the purpose of escheatment procedures. Returning the properties to the employee, transferring them to the employer, or utilizing them for company bonuses would defeat the purpose of ensuring that the properties are made available for the rightful owner to claim. Hence, the correct answer is option C.