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Understanding a pay stub and how it impacts your pay is vital to ensuring you receive the correct amount of money each pay period. This article will explain what OASDI is and how it affects your pay stub. We’ll also explain how to read a pay stub and calculate payroll taxes to ensure you get the right amount of money. What is OASDI Tax The ...

Each year, millions of taxpayers receive a W-2 form from their employers as proof of their income. Unfortunately, not all of these forms are accurate or even real. It is essential to know how to spot a fake W-2 to protect yourself from becoming a victim of identity theft or tax fraud. Knowing the elements that make a fake W-2 can help you st...

A W-2 Form is an Internal Revenue Service (IRS) form that employers must use to report wages and taxes withheld from employees’ paychecks. It also includes other income, such as tips, bonuses, commissions, or other compensation. Employers have several responsibilities when it comes to issuing W-2 Forms. Understanding what these requi...

Are you thinking about making personal pay stubs? It is crucial to comprehend the legal implications before proceeding. Creating fake pay stubs can result in dire consequences, which include fines and criminal charges. But, there are specific situations where it could be legal to create your own pay stubs. Can You Make Your Own Pay St...

Most employees, if not all, patiently wait for their payday. After days of working tirelessly, they expect to receive their salaries at the end of the month. Thus, the paycheck they receive spurs these employees to continue the work cycle. Additionally, employers pay their employees in multiple ways, from depositing money in the bank to paying cas...

You may have a question: Is a warrant the same as a check? Or payroll cards vs. direct deposit? To get around in the world of money, you need to know how these two documents are different. A warrant is a written order from a court or government agency that gives someone legal authority to do something. At the same time, a check is a written ...

Payroll management using simple spreadsheets is a hectic and time-consuming process. The online payroll templates offer a time-efficient, professional, and proficient method of creating and sending payrolls. We offer an extensive collection of online payroll templates ranging from simple to complex layouts. Here we have discussed a step-by-step pro...

With the rapid advancement of technology, it's easier for people to generate fake paycheck stubs. On the other hand, it's difficult for lenders, employers, and landlords to differentiate between a real and a fake pay stub. People use pay stubs for various reasons: rental applications, seeking a loan, filing taxes, and querying payroll errors. You'...

For any business to thrive, prompt payment of its workforce is a priority. Often, business owners are unsure of the best payment method for their staff. Payroll cards and direct deposit are popular means of payment among business owners. Both payment methods have their benefits and downsides.For this reason, it’s necessary to consider the advantage...

When running a business, employers use several pay periods to pay employees. Besides monthly payments, bi-weekly and semi-monthly pay periods are quite common in the labor market. Most times, people get confused about the bi-weekly and semi-monthly pay periods. Each pay period has peculiar features, benefits, and drawbacks. This article tells you ...

TurboTax is a highly-professional and efficient platform to file tax returns and get an expert opinion. This platform features many tax experts who can ease the stress of filing taxes. In addition to various tax products, TurboTax offers excellent services to file taxes with the last pay stub. Here, we have answered one of the most frequently aske...

Manually managing the payrolls of each employee on the spreadsheet is a tedious, time-consuming, and boring process. Typically, the HR team has to go through multiple data files to generate the employees' pay stubs. Fortunately, businesses are now learning how to save money through online paystub generators that have made life easy for businesses ...

Renting an apartment should be a walk in the park, especially if you have the money to foot the bills. Alas, the reverse is the case. No landlord will hand over the keys to an apartment without doing due diligence, like asking for your rental history. For one, it assures them that they are renting to someone who could be relied on to pay rent, whi...

Have you missed a paycheck in the past few months? Is your loan search hampered by a bad debt history and bad credit? We’ve got you covered. It’s essential to pay your bills on time for many reasons, but it can be difficult if you don't have enough cash flow. It doesn’t help that some loan institutions, such as traditional financ...

In the workplace, it is proper for employers to send their employees a pay stub. The document contains details of the employee's earnings. In addition to showing the gross earnings, payroll stubs provide details like deductions on your wages, taxes, overtime pay, net salary, loan repayments, etc. Employers store the employee's payroll detail...

A garnishment is a court-ordered deduction from your wages after you miss payments. The garnishments listed on your pay stub are critical for understanding how much money you'll have to give up as repayment for a debt. This comprehensive guide will help you identify and understand the different garnishments. Also, you will understand how they aff...
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