Your Guide on How to Read Pay Stubs
Once you know what you are looking at then it is easy to read a pay stub. 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. It is this box that you will see on the top. The name and address of the employee are what is inside this box. Its will also show 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. You are able to determine if the employee is hourly or salaried once you take a look at the pay type. Another information that you are able to see in this section is the pay date. Whenever you take a look at this one then it simply shows how often the employee gets paid. Another part of this section is the pay period. Whenever you take a look at this one then it will show the schedule of the salary of the employee.-discover more
Whenever you ale a look at a pay stub then it is the one that will show the standard wage information. Whenever you take a look at this one then it will show the number of work hours that the employee has. Whenever you take a look at this section then it will also show the pay rate of the employee. Whever you take a look at this section then it is the one that will show the gross wage that the employee will have. Before any deductions are taken out, it is this one that will show the base pay of the employee. This will also how the overtime and holiday pay that the employee has received.
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. It is in this section that you will see the details of your deductions.
The next part of your pay stub is the net pay. This will show the amount that you will get after the deductions. It is the net pay that you will have that will reflect on the amount on the check that you will also receive. The same amount that you will see on your bank account is this one. 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.