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A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
A pay stub contains all your income information, so it’s a great tool for tracking your salary, the taxes you’ve paid, insurance premium amounts, bonus information and vacation and overtime pay.
The information on the paystub is what ultimately gets reported on the W-2 at the end of the year, ” says Roxanne Hendrix, a CPA and tax expert with JustAnswer. The second option you have is to ...
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Social Security tax: Most often noted as OASDI on your pay stub, this is the share you pay into your Social Security credits for retirement. Medicare tax: You and your employer pay a 1.45% ...
Handling payroll typically involves sending out payslips to employees.. A payroll is a list of employees of a company who are entitled to receive compensation as well as other work benefits, as well as the amounts that each should obtain. [1]
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