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Your paycheck stub serves as proof of income and government agencies, lenders and landlords often request them to verify your earnings. A pay stub contains all your income information, so it's a ...
Paycheck. A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll ...
Self-employment. Self-employment is the state of working for oneself rather than an employer. Tax authorities will generally view a person as self-employed if the person chooses to be recognised as such or if the person is generating income for which a tax return needs to be filed. In the real world, the critical issue for tax authorities is ...
Usually if self-employment or commission income is used to qualify for the mortgage, a two-year history of receiving that income is required. Although a bonus (sometime it is indicated as "incentive pay" by many corporations) is part of the paystub income, a two-year employer verification is also required.
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Self-Employed - Working for oneself as a freelancer or the owner of a business rather than for an employer. Entrepreneur - A person who organizes and operates a business or businesses, taking on ...
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