Tips on How to Read Pay Stubs
Once you know what you are looking at then it is easy to read a pay stub. It is reading a pay stub that you will not have a hard time doing once you know the different parts of it.
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. This one contains the name and address of the employee. This box also contains the employee ID or social security number. 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. The pay date is another information that you will see in this section. Showing how often the employee gets paid is what this one does. The pay period is also another part of this section. 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. 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. Th overtime and holiday pay that the employee has received will also reflect in this section.
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. Th details of your deductions can be seen in this section.
The net pay is the last part of the pay stubs that you have. This will show the amount that you will get after the deductions. The amount that you will see on this one is also the one amount that you will see on the check. Whenever you take a look at this amount then it will be the same as what your bank account will have. 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.