A check stub, also known as a pay stub or a paycheck stub, is a document that provides detailed information related to an employee's wages, deductions, and additional information regarding pay. Typically issued alongside a paycheck, this document serves as a record of the employee's earnings within a specific pay period.
The check stub displays crucial details such as the employee's name, along with the employer's name and address. It also includes the payroll date, which indicates the specific period covered by the paycheck. Additionally, the check stub highlights the employee's gross earnings, providing an overview of the total amount earned before any deductions are applied, be it hourly rates, salary, or any other monetary compensation.
Furthermore, the check stub itemizes the deductions made, such as taxes (federal, state, and local), social security, Medicare, retirement contributions, health insurance premiums, and any other withholdings required by law or chosen by the employee. These deductions reduce the employee's net pay, which is the final amount received after all applicable deductions have been subtracted.
Moreover, the check stub may feature additional information, depending on the employer's policies or the state's legal requirements. This can include details about accrued vacation or sick time, year-to-date earnings, or any necessary information regarding the employee's benefits or retirement plans.
Essentially, a check stub offers transparency, ensuring that employees have access to a breakdown of their earnings, deductions, and other relevant information necessary for financial tracking and verification purposes.
