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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.
It is also the maximum amount of covered wages that are taken into account when average earnings are calculated in order to determine a worker's Social Security benefit . In 2020, the Social Security Wage Base was $137,700 and in 2021 was $142,800; the Social Security tax rate was 6.20% paid by the employee and 6.20% paid by the employer. [1 ...
Here’s a full breakdown of a pay stub so you can understand exactly what do with your paycheck: Advertisement. Employer/Company Address: The name and address of your employer. Employee No.: Your ...
4–4–5 calendar. The 4–4–5 calendar is a method of managing accounting periods, and is a common calendar structure for some industries such as retail and manufacturing. It divides a year into four quarters of 13 weeks, each grouped into two 4-week "months" and one 5-week "month".
Although the amount of the payment depends on several factors, it usually matches an employee's monthly salary and can be paid in one or more installments (depending on the country). The thirteenth salary is most prominent in Latin America, where this payment is mandatory in most countries.
Another option is to use the SSA Quick Calculator, which provides benefit estimates based on information you provide such as your date of birth, current-year earnings and expected retirement date...
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