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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 W-4 is the IRS tax form you fill out upon employment, so your employer will withhold your desired amount of federal income tax from your paycheck.
If you’re in or just out of school, your paycheck can be a big shock. The human resources department or your boss will ask you to complete the W-4 form.
The W-4 form tells the employer the correct amount of federal tax to withhold from an employee's paycheck.
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
In the US, withholding by employers of tax on wages is required by the federal, most state, and some local governments. Taxes withheld include federal income tax, [3] Social Security and Medicare taxes, [4] state income tax, and certain other levies by a few states. Income tax withheld on wages is based on the amount of wages less an amount for ...
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