Pay stub, paystub, pay slip, or paycheck stub. All words for the same thing. And while it may seem basic, understanding your pay stub is an essential part of work.
A pay stub is a document that shows how much an employee gets paid and what taxes have been taken out of their pay. Employees receive a pay stub at the same time they get paid for their work, be it via check or direct deposit. There’s some mandatory info that has to be included on a pay stub, but it varies state by state. Typically it will list gross pay, net pay, benefit deductions or contributions, and taxes taken out of the employee’s pay.Updated September 26, 2017
This article provides general information and shouldn’t be construed as tax advice. Since tax rules may change over time and can vary by location and industry, please consult a CPA or tax advisor for advice specific to your business.