Pay Stub Template

What is a Pay Stub?

There are many ways to answer the question “What is a pay stub?” as this simple form can mean different things to different people. The most important thing that a pay stub is: is a permanent record of how much you as an employee have earned for all of your hard work during the pay period. For your employer it is his way of showing you that you have been properly paid for every hour that you have worked during the pay period.

To answer the question “What is a pay stub?” we need to look at all of the information that it contains. To start with at the top your pay stub is going to identify the company you work for and it will at the same time identify you as an employee of the company. Should you ever need or want to apply for a loan this information is very important as it is used to prove you have a job.

Next your pay stub will show you not only how many hours (regular and overtime) that the company shows you to have been at work. This should match your time card, however, if it does not your pay stub becomes an important document that can be used to prove that you are not being paid for all of the hours you have worked. You will need both your time card and your pay stub to prove this to your payroll office.

After this you pay stub will list all of the deduction that are being taken out of your gross pay before you get what is left over. This include all of the income taxes you pay including federal and where applicable state, county and city. Here are again your pay stub is a very important piece of paper, if you are not paying the right amount of taxes, you could be in for a nasty shock on the 15th of April. You should pay very close attention to all of your deductions to make sure that you are not under paying or for that matter over paying your taxes.

In final answer to the question “What is a pay stub?” the real answer is that for many reasons it is one of the most important documents your employer is ever going to hand you. As such you should make sure that you keep all of your pay stubs carefully filed away in case there should ever be a problem with your paycheck or your taxes or if you ever decide to apply for a loan.