Answers to FAQs about pay stubs

Answers to FAQs about pay stubs

Overtime  paycheck stub is the additional pay that an employee receives for working more than a certain number of hours in a week or a day.To calculate your overtime pay rate, multiply your regular hourly rate by 1.5.A salary is a fixed payment that an employee regularly receives, regardless of the number of hours worked.Salary is paid on a fixed schedule, while hourly pay is based on the number of hours worked. Salaried employees are typically exempt from overtime pay.

A 401(k) contribution is a retirement savings plan in which employees can contribute a portion of their pre-tax earnings to a retirement account.A W-4 form is a tax form that an employee fills out to inform their employer how much tax to withhold from their  paycheck stub.To change your tax withholding, complete a new W-4 form and submit it to your employer.The year-to-date total is the total amount of earnings, deductions, and taxes withheld from an employee's pay for the year up to

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