• Home
  • Terms and Conditions
  • Privacy Policy
  • Free VPN
Easyworknet
No Result
View All Result
  • Login
  • Home
  • Contact
  • Business
    • Cryptocurrency
    • Home Improvement
    • Finance
    • Insurance
    • Digital Marketing
  • Technology
  • Lifestyle
    • Relationships
    • Food
  • Health
    • Fitness
    • Exercise
    • Skin Care
    • Sleep and Rest
  • Education
  • Travel
  • Fashion
  • Game
  • Law
  • Career
  • Home
  • Contact
  • Business
    • Cryptocurrency
    • Home Improvement
    • Finance
    • Insurance
    • Digital Marketing
  • Technology
  • Lifestyle
    • Relationships
    • Food
  • Health
    • Fitness
    • Exercise
    • Skin Care
    • Sleep and Rest
  • Education
  • Travel
  • Fashion
  • Game
  • Law
  • Career
No Result
View All Result
Morning News
No Result
View All Result
Home Business

What Are Pay Slips and What Information Is on It?

Sambit Barua by Sambit Barua
August 13, 2020
in Business
Reading Time: 3min read
0
pay slips
0
SHARES
3
VIEWS
Share on FacebookShare on Twitter

82 million Americans have noticed errors in their payslips.

This is more than half of the working force. To avoid errors that leave you with less money than you earned, it’s important to understand what your pay stub is and how to read it.

READ ALSO

Article Summury

    • READ ALSO
    • How to Choose Corporate Promotional Products for your Employees
    • A guide to better custom labels & stickers for your products
    • NetBase Quid: Understanding the Emerging Trends
    • Rupee Symbols in Words
  • What Are Payslips?
  • Breaking Down What’s Included on Your Paycheck Stub
    • Gross Pay
    • Federal Taxes
    • State Taxes
    • Benefit Insurance
  • Do You Understand Your Payslip?
How to Choose Corporate Promotional Products for your Employees

How to Choose Corporate Promotional Products for your Employees

February 22, 2021
stickers for your products

A guide to better custom labels & stickers for your products

February 19, 2021
emerging trends

NetBase Quid: Understanding the Emerging Trends

February 9, 2021
Rupee Symbols in Words

Rupee Symbols in Words

February 5, 2021

Keep reading to learn more about payslips!

What Are Payslips?

A payslip is a note that is provided to employees to document their pay and the money that’s withheld from their paycheck.

The payslip will document what time period the pay was for and break down the gross payment, net pay, and the specifications of the taxes that are withheld. Money that is withheld can be from:

  • retirement/pension
  • wage garnishments
  • benefit insurance
  • federal and state taxes
  • FICA taxes

A pay stub can either be in a digital or a paper format. Your employer is required to provide you with a payslip each time you get paid so that you’re aware of where your money is going and how many hours you’re being paid for. The only times that an employer doesn’t have to provide a payslip is when the employee is:

  • A policeman
  • A freelancer or contractor
  • A merchant seaman
  • A worker in share fishing

It’s your legal right as an employee in most professions to see how you’re being compensated for your work in the form of a payroll stub.

With how personal a payslip is, many people wonder, “can you fake paycheck stubs?” The answer is yes, there are many online companies that will create a fake paycheck stub for you.

Breaking Down What’s Included on Your Paycheck Stub

We know what’s listed on your payroll stub, but what does it all mean?

This is what is being taken out of your paycheck or listed and why:

Gross Pay

Your gross pay is what you earned before any taxes were taken out of the paycheck.

The gross pay is also what your paycheck looks like before you’ve taken any Social Security, Medicare, insurance, or retirement contributions out. Your gross pay is what your company will offer when discussing a job position, so always remember to factor that in when interviewing.

Federal Taxes

The amount of federal taxes that are withheld will depend on where you fall on the tax bracket.

In the United States, taxes can be under 15% or above 30%. How much you have to pay will depend on how much you make.

State Taxes

Each state has its own income tax percentage.

Some states will use the IRS tax bracket as a guide while others will use their own flat rate. Some states may even have no income taxes at all.

State taxes can get complicated, so it’s best to speak with a professional if you’re confused by yours.

Benefit Insurance

If you’re contributing to a medical or dental plan, you’ll see this come out of your paycheck every week.

Additionally, any percentage that you’re contributing to retirement will appear on the paycheck.

Do You Understand Your Payslip?

While you may feel confusion over all the fees taken out of your payslips, once you break it down it’s not too complicated.

Understanding what’s going to be taken out of your paycheck each pay period will help you plan for expenses. If you found this article helpful, check out our other work content!

Post Views: 264
Tags: pay slips
Previous Post

How to Become an Independent Contractor in 3 Simple Steps

Next Post

Starting a New Venture: 10 Top Tips for How to Open a Restaurant

Sambit Barua

Sambit Barua

Related Posts

How to Choose Corporate Promotional Products for your Employees
Business

How to Choose Corporate Promotional Products for your Employees

February 22, 2021
stickers for your products
Business

A guide to better custom labels & stickers for your products

February 19, 2021
emerging trends
Business

NetBase Quid: Understanding the Emerging Trends

February 9, 2021
Next Post
how to open a restaurant

Starting a New Venture: 10 Top Tips for How to Open a Restaurant

Disposable Masks Are Reusable: Steps to Reuse Coronavirus Face Mask

Disposable Masks Are Reusable: Steps to Reuse Coronavirus Face Mask

Instagram followers

Follow the Leader: How to Get Instagram Followers (Fast!)

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Internet Security

Why Internet Security Is Important When Working From Home

February 24, 2021
vaping for the first time

Vapes for Beginners: What to Expect When Vaping for the First Time

February 24, 2021
How to launch your Ecommerce Store?

How to launch your Ecommerce Store?

February 24, 2021
stream democratic debate

Stream democratic debate – Trump and Biden debate

February 23, 2021
what is the the rock cycle

What is the the rock cycle – A complete guideline on it

February 23, 2021
solution for always hot people

9 Products and Solutions for Anyone Who’s Always Hot

February 23, 2021
Internet Security

Why Internet Security Is Important When Working From Home

February 24, 2021
vaping for the first time

Vapes for Beginners: What to Expect When Vaping for the First Time

February 24, 2021
How to launch your Ecommerce Store?

How to launch your Ecommerce Store?

February 24, 2021
stream democratic debate

Stream democratic debate – Trump and Biden debate

February 23, 2021
what is the the rock cycle

What is the the rock cycle – A complete guideline on it

February 23, 2021
solution for always hot people

9 Products and Solutions for Anyone Who’s Always Hot

February 23, 2021

About Us

For Authors: Easyworknet is a tech -related and guest post-friendly blogging platform. We are ready to serve you information through our website. Here you can read and write whatever you want and share your valuable thought with others to help them grow with knowledge. You can help our readers by publishing an informative and quality guest post. Publish anything except spam…Happy Guest Blogging..!! 🙂

Technology

Why Internet Security Is Important When Working From Home

February 24, 2021
Internet Security

It’s estimated that 18% of Americans currently work from home. There are many reasons for this gradual change from an...

Read more
by Sambit Barua
0 Comments
Technology

Why Internet Security Is Important When Working From Home

February 24, 2021
Misc

Vapes for Beginners: What to Expect When Vaping for the First Time

February 24, 2021
Technology

How to launch your Ecommerce Store?

February 24, 2021
  • Home
  • Terms and Conditions
  • Privacy Policy
  • Free VPN

Easyworknet © Copyright 2021, All Rights Reserved.

No Result
View All Result
  • Home
  • Contact
  • Business
    • Cryptocurrency
    • Home Improvement
    • Finance
    • Insurance
    • Digital Marketing
  • Technology
  • Lifestyle
    • Relationships
    • Food
  • Health
    • Fitness
    • Exercise
    • Skin Care
    • Sleep and Rest
  • Education
  • Travel
  • Fashion
  • Game
  • Law
  • Career

Easyworknet © Copyright 2021, All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In