When you’re running an organization and have employees working for you, there are financial matters that are to be handled. It is a necessity to have taxation and payment matters dealt with. No matter which method of payment you wish to use, there are a few items that need to be taken care of. One of these is a “Pay Stub” also known as a Check Stub. What is a pay stub? Is it as complicated a document as it sounds? What are its elements? Is it actually a vital document? Let us explore each of these:
What is a Pay Stub?
This is a document that might or might not be attached to the paycheck. However, it is as a document is particularly a separate document on its own. It contains general as well as specific details related to the employee’s pay. It mainly contains the details of the wages earned by the employees and quarterly or yearly payroll information. It also shows the deductions and additions made, and the net amount earned by the employee. It avoids “wage theft” which is illegal.
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