Your Guide on How to Read Pay Stubs
Reading pay stubs is easy once you know what you are looking at. If you already know the different parts of a pay stub then reading it will not be an issue anymore.-click for more
One of the parts of a pay stub is the employee information. The box that you see on the top is usually the employee information. This one contains the name and address of the employee. Once you take a look at this box then it also will contain the employee ID or social security number. The pay stub will determine the real owner of it with the help of the information.
The next part of a pay stub is the general payment information. This will show the way type which will show if the employee is hourly salaried. Another information that you are able to see in this section is the pay date. Showing how often the employee gets paid is what this one does. Another part of this section is the pay period. This will show the schedule of the salary of the employee.
The standard wage information is the next part of a pay stub. This will usually how the number of work hours that the worker has. Whenever you take a look at this section then it will also show the pay rate of the employee. The gross wage that the employee has will also show in this section. Before any deductions are taken out, it is this one that will show the base pay of the employee. Once you take a look at this section then you will also see if the employee has received any overtime or holiday pay.-this company
The taxes and deduction is also shown on the pay stub. The usual deductions that you will have will be from social security, federal taxes, medicare, and state taxes. Once you take a look at your deductions then it can also come from your 401k or employer insurance. If you want to know the details of your deductions then you can see it through this section.-click here for more
The next part of your pay stub is the net pay. The total amount that you will get with the deductions is what you are able to see in this one. It is the net pay that you will have that will reflect on the amount on the check that you will also receive. Whenever you take a look at this amount then it will be the same as what your bank account will have. You need to know though that pay stubs can have different layouts. It is still the information that has been discussed that will still be present no matter what the format it will have.-view here for more