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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 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.
Not checking your pay stub. Very few employees check their pay stubs, yet understanding the information on the stub is important for personal finance management, said Sean Fox, president...
Companies of all sizes will have to reclassify workers who will now qualify for overtime pay — and make sure they track hours and pay them properly.
1. You'll start getting overtime: Right now, if you're a salaried worker who makes between $23,660 and $47,476 and have some managerial duties you are considered "exempt" from overtime pay....
Retroactive overtime is computed by using the number of hours of overtime worked for the specified payroll period to look up the coefficient percentages from the coefficient table (Form WH-134).
For employees that are hourly, gross pay is calculated when the rate of hourly pay is multiplied by the total number of regular hours worked. If the employee has overtime hours, these are multiplied by the overtime rate of pay, and the two amounts are added together.
Breaking out of a paycheck-to-paycheck cycle can seem difficult, but there are some simple ways to save more and spend less that will make your paycheck last longer — no matter how much...
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Overtime rate is a calculation of hours worked by a worker that exceed those hours defined for a standard workweek. This rate can have different meanings in different countries and jurisdictions, depending on how that jurisdiction's labor law defines overtime.