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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...

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...

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...

A pay stub includes details of financial activities in a pay period, including taxes paid, deductions for health plans, gross wages, commissions, etc. The health plan includes the employee and employer’s contributions to health and medical expenses. According to the Fair Labor Standards Act (FLSA), employers must also record the health benef...

As a freelancer, have you ever tried to request a loan from a bank only to be turned away because you could not provide proof of income? Being your own boss certainly comes with many advantages as you only answer to yourself, you could pick your schedule, and you are no one's employee. However, you may wonder how to create pay stubs if self-employ...

One necessary tax that affects both the company and the employee is the social security tax. In this article, we will discuss how to calculate social security wages from a pay stub.  What Are Social Security Wages? Social security wages are an employee's earnings from which social security taxes are withheld at the federal level. Pay supplie...

Both forms of payment are essential parts of financial operations for individuals and organizations. Knowing the differences between the two types of warrants can help ensure that your payments are correct and that your money is safe. What Are Payroll Warrants?

A payroll warrant, or warrant of payment, is a document allowing an employee to coll...