Sample Paycheck Stub
A sample paycheck stub shows examples of what would be on an employee's pay stub. Some deductions are taken before taxes such as insurance and 401(k). These would be deducted from the gross wages before deducting taxes. After tax deductions would be things like donations made through a company fundraiser or garnishments where the employee is still obligated to pay taxes on these deductions from their gross pay and take a deduction for some on their own personal income tax filings.
It is important to keep track of regular, overtime, sick, and vacation pay as it is taxed differently on company year-end returns. It is also necessary to record current and year-to-date (YTD) information. As this example is the employee's first paycheck of the year, they are the same.
Do not print the employee's full Social Security Number or bank account number on the paycheck stub. Employers must pay a percentage of the employee's wage for FICA and Medicare. Some employers add a section listing these employer paid taxes. This sample paycheck stub will be helpful in deciding what should be on the employee's pay stub, but each state may have other deductions that need to be tracked. Check with your local state taxing authority to find out more.