Look at the top of your pay stub. You will find basic information at the top of your paycheck stub, such as the name and address of your employer and the date that the paycheck was issued. You may also find information about the company that processes payroll for your company. You will likely find the check number at the top of your paycheck stub. This is useful for entering into your financial records to track income sources and amounts. If something is wrong with your paycheck, it will likely be the fault of the payroll company. Check with human resources if you spot a problem. Find the area labeled “Gross Pay”. Gross pay is the total amount that you earned before any withholdings have been taken. The gross pay will usually be over a certain period of time, known as a pay period. Any taxes or other withholdings will not be reflected in your gross pay. A pay period will vary in length, depending on your employer. These pay periods may commonly cover weekly, bi-weekly, or monthl
The term “payroll tax” can be used to describe two different types of similar taxes. The first type, known as withholding tax, is withheld from an employee’s wages by their employer. The employer then sends the withheld amount to the appropriate taxing authority. It is also referred to as a “pay-as-you-earn” tax. The second type of payroll tax is paid by the employer, from his/her own funds. The amount of payroll tax that an employer owes depends on the jurisdiction, and may be fixed or proportional to the employee’s salary. Employers withhold payroll taxes (and income taxes) from their employee’s wages. Payroll taxes are then collected by both federal and state governments, which use the revenues to fund programs such as Social Security, Medicare, unemployment compensation, and worker’s compensation. https://paystubdepot.com/