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A salary statement, commonly called a payslip, pay stub, paystub, pay advice, or sometimes paycheck stub or wage slip, is a document received by an employee that either includes a notice that the direct deposit transaction has gone through or that is attached to the paycheck.
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Employee No.: Your unique ID number at your place of employment used by payroll managers instead of your full name. Employee Name: Your name. Social Security No.: Your Social Security number ...
Very few employees check their pay stubs, yet understanding the information on the stub is important for personal finance management, said Sean Fox, president of debt resolutions at Achieve.
Gross pay, also known as gross income, is the total payment that an employee earns before any deductions or taxes are taken out. [5] For employees that are hourly, gross pay is calculated when the rate of hourly pay is multiplied by the total number of regular hours worked. If the employee has overtime hours, these are multiplied by the overtime rate of pay, and the two amounts are added ...
In accounting, salaries are recorded in payroll accounts. [1] A salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
This page provides a general guide for dealing with stubs: the first section, Basic information, contains information that is recommended for most users; and the second section, Creating stub types, contains more specialized material.
Salary is generally set on a yearly basis. (These employees must be paid on a salary basis above a certain level, $455 per week as o, though some professions – "Outside Sales Employees", teachers and practitioners of law or medicine—are exempt from that requirement. [12] )
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The General Schedule ( GS) is the predominant pay scale within the United States civil service. The GS includes the majority of white collar personnel (professional, technical, administrative, and clerical) positions. As of September 2004, 71 percent of federal civilian employees were paid under the GS. The GG pay rates are identical to published GS pay rates.
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