Your Guide on How to Read Pay Stubs
Reading pay stubs is easy once you know what you are looking at. 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. 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. 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. Another information that you are able to see in this section is the pay date. This will show 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.
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. It is also in this section where you will see the pay rate that you have. This will also be showing the gross wage that the employee has. 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 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. If you want to know the details of your deductions then you can see it through this section.-click here for more
The net pay is the last part of the pay stubs that you have. The net pay will show the amount that you will get after the deductions have been made.-learn more The amount that you will see on this one is also the one amount that you will see on the check. It is also the same amount that you will receive on your bank account. You need to know though that pay stubs can have different layouts. Regardless of the format, all of the information that has been discussed will still show on any pay stub.