paystub

Proof of wages

A paystub is the document accompanying a paycheck that itemizes earnings and deductions: gross pay, taxes withheld, insurance premiums, retirement contributions, and the resulting net pay.

Also called a pay slip.

Most paystubs are now digital rather than paper: I checked my paystub online to see why my take-home was lower.

employment

employer

One who employs others

  • employeeHired organizational member
  • HREmployee management department
  • exemptNot subject to

nonexempt · hourly · salaried · contractor · timesheet

deductions

withholding

Keeping from another

  • FICAFederal wage withholding law
  • 401kEmployer-sponsored retirement savings
  • pensionRetiree's ongoing benefit

FSA · garnishment · pretax · posttax · exemptions · allowances

document

department

Distinct unit within organization

biweekly · semimonthly · monthly

earnings

commission

Payment for services rendered

Categories
Opposites
documentation versus actual payment

paystubpaycheck

Compensation for labor

direct deposit · cash payment · payment · cash · bank transfer

income documentation versus expense documentation

paystubinvoice

Itemized billing statement

bill · receipt · expense report · tax bill · credit card statement

employee vs. employer perspective

paystubaccounts payable

Outstanding debts to suppliers

Family

pay, payment, repay, stubby, stub, repayment, stubble, paycheck, payable

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