Pay stubs also list other categories-usually money withheld from gross pay. Amounts are typically listed 2 ways-per pay period (usually weekly, bi-weekly, or monthly) and year-to-date (cumulative). Pay stub componentsĪ pay stub shows employees how much they’ve earned for their most recent pay period and/or the year overall. Typically, employees can see both the wages they’ve earned that pay period and the amount they’ve made to date. Pay stubs are now electronic.So, what is a pay stub in today’s digital world? A pay stub is a record of an employees’ hours worked, state and federal income taxes paid, and wages earned. But today employers often use direct deposit to insert funds into their employees’ bank accounts. The name “paycheck stub” came about because it was a receipt that remained after detaching your paycheck. Paychecks and pay stubs have changed a lot over the last 50 years. To do so, follow our how-to guide to issuing pay stubs and make sure you get it right the first time. If you’re like Allison, you need to learn how to convert your employees’ hourly rate into a pay stub. There’s one big problem-she doesn’t have access to a pay stub generator and doesn’t know what information to include on a pay stub. Her small business took off and now she needs to hire 2 full-time employees. Last year, Allison quit her desk job and opened a bakery in Tempe.
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