Is it important to have an official check stub? If so, what are the benefits of having one?

Is it important to have an official check stub? If so, what are the benefits of having one?

Your check stub will also show the amount of federal, state, and local taxes that were withheld from your paycheck. These taxes are based on your earnings and the information you provided on your W-4 form when you were hired.It will also show the amount of Social Security and Medicare contributions that were withheld from your paycheck. These contributions are mandatory and are based on your earnings.

Your check stub may also include pre-tax deductions, such as contributions to a 401(k) plan or health insurance premiums. These deductions are taken out of your gross earnings before taxes are calculated, which can help reduce your taxable income.It may also include post-tax deductions, such as charitable donations or wage garnishments. These deductions are taken out of your net earnings after taxes have been calculated.

 
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