A pay stub, payslip, or paycheck stub, is a document that an employer attaches to an employee’s paycheck on payday. It contains information about an employee’s compensation, itemizing the wages earned for a pay period and year-to-date payroll. Pay stub also typically includes information about any deductions from an employee’s pay, such as taxes, insurance premiums, and retirement contributions. For hourly workers, a pay stub may also list the number of hours worked in a pay period.
While pay stubs are not required by law in the United States, they can be helpful for employees to keep track of their earnings and deductions. Pay stubs can also be useful for employers, providing a record of wages paid and deductions withheld. A pay stub can be paper or electronic, and it may be provided to an employee in physical form or sent electronically. For example, some employers send pay stubs via email on payday, while others make them available through an online portal.
Pay stubs typically contain the following information:
- Employee name and address
- Employer name and address
- Social Security number or employee ID number
- Date of pay period
- Start and end date of pay period
- Total hours worked during pay period
- Hourly pay rate or salary amount
- Gross pay (total wages earned before deductions)
- Deductions from pay, such as taxes, health insurance, and retirement contributions
- Net pay (total wages after deductions)
- Method of payment (e.g., direct deposit or check)