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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.
The amount of tax withheld is based on the amount of payment subject to tax. Withholding of tax on wages includes income tax, social security and medicare, and a few taxes in some states. Certain minimum amounts of wage income are not subject to income tax withholding.
Taxes. Various levels of government require employers to withhold various types of income tax and payroll tax. [10] In the United States, payroll taxes are used to support Social Security and Medicare costs while income taxes are used for other federal and state programs. [11]
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...
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ROCK HILL, SC / ACCESSWIRE / December 28, 2020 / 123PayStubs is the most user-friendly pay stub generator on the market today.
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