Tips on How to Read Pay Stubs
Reading pay stubs is easy once you know what you are looking at. It is reading a pay stub that you will not have a hard time doing once you know the different parts of it.
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. 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 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. You are able to determine if the employee is hourly or salaried once you take a look at the pay type. 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. 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. This will also be showing the gross wage that the employee has. 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
Once you take a look at a pay stub then it will also show the taxes and deductions. It is common to get your deductions from your 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. 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. 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