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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 pay stub contains all your income information, so it's a ...
Post-tax deductions, on the other hand, are payroll deductions taken from an employee’s check after taxes have already been withheld. Post-tax deductions do not reduce your tax liability.
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.
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 level of union dues varies widely. Some unions collect a percentage of each worker's pay (which may be limited to base wages only or include additional pay such as overtime income). Others collect a percentage of each worker's pay, but the percentage itself varies on a sliding scale (with lower-paid workers paying a lower percentage).
In a non-discriminatory Section 79 plan, the first $50,000 of coverage is provided free to all employees. Any group coverage over this amount is deemed a benefit for which the employee must pay. The pure insurance portion is factored using the Internal Revenue Service (IRS) published Table I rates (scroll to page 5).
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