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. 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.
The employee information is one of the parts of a pay stub. It is this box that you will see on the top. This one contains the name and address of the employee. The employee ID or social security number is also seen in this box. The pay stub will determine the real owner of it with the help of the information.
The general payment information is the next part of a pay stub. By simply looking at the pay type, you will be able to determine if the employee is hourly or salaried. The pay date is another information that you will see in this section. Whenever you take a look at this one then it simply shows how often the employee gets paid. The pay period is also another part of this section. Whenever you take a look at this one then it will show the schedule of the salary of the employee.-discover more
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. It is also in this section where you will see the pay rate that you have. 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. 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 total amount that you will get with the deductions is what you are able to see in this one. The amount that you will see on this one is also the one amount that you will see on the check. Whenever you take a look at this amount then it will be the same as what your bank account will have. Whenever you compare different pay stubs then it is them that might 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