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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.
A pay stub contains all your income information, so it’s a great tool for tracking your salary, the taxes you’ve paid, insurance premium amounts, bonus information and vacation and overtime pay.
A salary calculator is an online application that provides salary information to the user. The majority of websites offering salary information use a salary calculator function to present this data. The salary calculator will request a search term, city, and state or zip code as an input.
A financial calculator or business calculator is an electronic calculator that performs financial functions commonly needed in business and commerce communities (simple interest, compound interest, cash flow, amortization, conversion, cost/sell/margin, etc.).
The IRS explains that if changes should be made to withholding, the calculator gives employees the information they need to fill out the new W-4, which can be submitted to employers.
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