Tips on How to Read Pay Stubs
Once you know what you are looking at then it is easy to read a pay stub. And that is why it is important for you to determine the different parts of a pay stub so that you will not have a hard time reading them.
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. Once you take a look at this box then t is the one that will contain the name and address of the employee. The employee ID or social security number is also seen in this box. The information that you will see on the pay stub will help determine the real owner of it.-read more here
The next part of a pay stub is the general payment information. You are able to determine if the employee is hourly or salaried once you take a look at the pay type. Once you take a look at this section then it is the one that will also show the pay date. Showing how often the employee gets paid is what this one does. The pay period is also another part of this section. This will show the schedule of the salary of the employee.
The standard wage information is the next part of a pay stub. The number of work hours that the employee has is what this one shows. 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. The base pay of the employee is what you are able to see in this section before any deductions are done. 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. It is aso your 401k or employer insurance deductions that you can also see in this one. Th details of your deductions can be seen in this section.
The next part of your pay stub is the net pay. The net pay will show the amount that you will get after the deductions have been made.-learn more It is the net pay that you will have that will reflect on the amount on the check that you will also receive. It is also the same amount that you will receive on your bank account. Whenever you compare different pay stubs then it is them that might have different layouts. Regardless of the format, all of the information that has been discussed will still show on any pay stub.