Which is an example of a withholding you might see on your pay stub?
Answers
Pay stub is part of paycheck that enlists details regarding the employee’s pay.
It itemizes the wages earned for pay period and year-to-date payroll.
The pay stub also displays taxes and other deductions taken out of an employee’s earnings.
And the pay stub shows the amount the employee actually receives i.e. Gross Pay.
We could provide our employees an electronic/printed pay stub whereas in some states you are required to provide pay stubs.
Pay stubs are documents which show the pay that employees receive.
Withholding or withholding tax, also called retention tax, refers to the amount that the employer pays from the wages of his employees directly into the hands of the government.
Such an example with a withholding on a pay stub is retirement savings.