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The Curious Bag
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Payroll check stubs are the portion of a paper paycheck that does not get deposited into a bank. Most companies that pay employees with direct deposits into their bank accounts still give payroll stubs, as they contain valuable information.
Payment
Payroll check stubs tell how many hours the employee worked and at what rate of pay. For salaried employees, the amount of money earned in the designated pay period is shown. The gross pay listed is the amount earned before deductions; net pay is the amount after deductions are taken out of the check. This helps to assure employees that they are being paid appropriately.
Taxes
Federal, state and Social Security taxes are paid by employees, and the amount paid is listed on the payroll check stub.
Medicare
Employee and employer contributions to Medicare are reflected on the check stub.
Insurance
If the employer offers health, dental or life insurance policies, the amount the employer and employee pay toward this benefit per pay period is shown.
Other Benefits
If the company offers retirement plans, flexible spending accounts, stock options, sick leave or vacation time, information about these is listed on the check stub.
Year-to-Date Totals
For each item on a check stub, there is usually a column that reflects how that check was affected as well as a column showing year-to-date totals.
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