A check stub is a record of your pay. It lists the amount of money you were paid, which taxes and deductions were withheld, and other information such as your name and Social Security number. You receive a check stub when you are paid by direct deposit or paper check. You also may be asked to provide a copy of your paycheck stub when applying for credit.
You can use check stubs to determine whether all taxes have been withheld from your paycheck and to ensure that the amount listed on your paycheck matches the amount shown on your paystub.
Taxes And Deductions Withheld From Paychecks
The following list shows common tax amounts that appear on check stubs:
Federal Income Tax Withholding – This is the amount of federal income tax withheld from your wages during the period covered by this pay period. This includes any additional federal income tax withholding from supplemental wages paid during this period.
Social Security Tax Withholding – This is the amount of Social Security tax withheld from your wages during the period covered by this pay period. It does not include any additional Social Security tax withholding from supplemental wages paid during this period or any federal income tax withholding on supplemental wages reported on Form W-2 (for example, tips).
Medicare Tax Withholding – This is the amount of Medicare tax withheld from your wages during the period covered by this pay statement. Supplemental wages paid during this period are not subject to any Medicare tax withholding or federal income tax withholding.
FICA Withholding – This is the amount of FICA tax withheld from your wages during the period covered by this pay statement.
Online Paycheck Stub Makers
Online paycheck stub maker is an easy-to-use tool that employers can use to create paystubs for their employees. It’s a quick and convenient way for them to get the job done, which saves them time and money and a great way to keep track of your earnings and ensure that you’re getting paid the right amount. Online paycheck stub makers can also help you avoid potential tax issues, such as underpaying or overpaying your taxes. You can even use an online paycheck stub maker to help you file your taxes. By keeping track of your earnings, these tools can ensure that you’re getting paid the right amount and avoid tax issues.
