Is pay stub the same as paycheck?
7.3k views |
Last modified 6/3/2020 8:31:35 AM EST |
Added by 123PayStubs Team
No. Paycheck is a check issued by the employer that shows the wages earned by an employee for a particular pay period.
However, a pay stub, payslip, or earnings statement displays the split-up of an employee's paycheck. It provides the details of the employee's pay and the deductions taken during each pay period and year-to-date payroll.
A pay stub will typically include employee information including name, social security number, and address, gross wages, net pay, total hours worked, pay rate, earnings and deduction amount in the form of taxes, pay period, and date of payment, employer contribution.
For employees, pay stubs will be a record of their wages, help then understand their taxes and contributions. It can also be used as a proof of income letter and help calculate W-2 withholdings while filing taxes.