What You Need to Know When Reading Pay Stubs
Reading pay stubs is easy once you know what you are looking at. If you already know the different parts of a pay stub then reading it will not be an issue anymore.-click for more
Whenever you take a look at a pay stub then one of the parts that it has 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. Once you take a look at this box then it also will contain the employee ID or social security number. All of the information will ensure that the pay stubs really belongs to someone.
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. Once you take a look at this section then it is the one that will also show 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. The schedule of the salary of the employee is what this one shows.
The next part of a pay stub is 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. 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. This is considered to be the base pay of the employee before any deductions are taken out. Th overtime and holiday pay that the employee has received will also reflect in this section.
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. This will also show your deductions for your 401k or employer insurance. 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. 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.