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.
Whenever you take a look at a pay stub then one of the parts that it has is the employee information. It is this box that you will see on the top. 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 general payment information is the next part of a pay stub. 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. 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. The schedule of the salary of the employee is what this one shows.
Whenever you ale a look at a pay stub then it is the one that will show the standard wage information. 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. 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. It is from social security, federal taxes, medicare, and state taxes where you will get most of your deductions from. It is aso your 401k or employer insurance deductions that you can also see in this one. 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 net pay will show the amount that you will get after the deductions have been made.-learn more It is the amount that you will see on the check that will be reflected from the net pay that you will have. It is also the same amount that you will receive on your bank account. There can be different layouts once you take a look at different pay stubs. 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