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Why Do Banks Ask For Pay Stubs

November 9, 2022

Why Do Banks Ask For Pay Stubs Going to the bank to open a new account, get an auto loan, apply for a mortgage, or even just to check on your credit score can be stressful, especially if you don't know what kind of documents you might be asked to provide. It's important to know that banks verify income for a wide variety of reasons, but mostly to...

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Check Stubs with Verification: How’s Legitimacy Determined

November 9, 2022

Are you applying for a personal loan, in which case the bank’s demanding a legit pay stub? If so, you may be wondering about check stubs with verification. How is legitimacy confirmed? Can institutions tell between a real document and a fake one? The bank scenario isn’t the only one in which legit pay stubs will be required. You may n...

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How to Make Pay Stubs at Home: A Comprehensive Guide

November 9, 2022

As a self-employed professional or a business owner, you may be wondering about creating your own paystubs. Is that even a possibility? Yes, it is! With a good range of tools and access to automated calculations, you can take the guesswork (and potential errors) out of paystub creation.   Using such a service, however, doesn’t guarante...

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The 9 Leadership Styles In Business

November 2, 2022

A leader is an essential core role for everything to work, countries, governments, companies, teams, groups, etc. Leaders provide help of all sorts, clarity, motivation, constructive criticism, new strategies, and much more. A leader can differ. There are many different leadership styles. You can be a democratic leader, or transformational lea...

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Income Statement vs. Balance Sheet: Know the Difference

November 2, 2022

Table of Contents   What Is a Balance Sheet? The Balance Sheet: What Does It Cover? What Is an Income Statement? Income Statement: What Does It Cover? Preparing an Income Statement Step 1: Determine your reporting period Step 2: Calculate total revenue Step 3: Determine the Cost of Goods Sold Step 4: Determine your gross profit Step...

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When to Use It & Other Questions Answered

November 2, 2022

In an ideal scenario, you’re dealing with salaried employees who always work full-time. You know exactly how much you have to pay them over a certain period and what amount to reflect in the paystub.   Sometimes, however, salaried employees don’t work their full hours. In such instances, a prorated salary has to be calculated. &...

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How to Calculate Gross Wages Correctly: Are You Doing it Right?

November 2, 2022

Employers are tasked with determining each of their employees’ gross pay when setting their salaries. Gross pay is more than the salary employees earn from their respective companies since it may include other sources of income such as bonuses and overtime pay.  That is what makes calculating gross pay a complicated task, especially w...

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Labor Cost Calculator | How to Calculate Your True Labor Costs

November 2, 2022

Table of Contents   Labor Cost: Meaning 2 Determining Labor cost: Formula for Labor cost 2 A Practical Example 2 Step 1: Calculate the Gross Pay 2 Step 2: Determine the Actual Hours Worked. 3 Step 3: Calculate All Annual Costs Per Worker. 3 Step 4: Calculate the Total Annual Payroll Expense. 4 Step 5: Calculate the hourly labor cost. ...

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Paystub Requirements by State:  Overview of the Laws and Main Differences

October 24, 2022

What requirements do you have to keep in mind when creating paystubs for employees? Federal? Local? The answer to that question depends on where your business operates.   Pay stub requirements vary from state to state. While some parts of the US have very particular legal instructions about what to feature on such documents, other parts of t...

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Hiring for Small Businesses: A Guide

October 24, 2022

Hiring new employees can always be a struggle, especially for small businesses. When looking for the right person, there are some steps you have to take to ensure that you'll get them. You'll need to learn about a few things: how to write an effective job description, understand your small business's branding, finding great candidates, what you're ...

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How to Make a Pay Stub: Everything You Need to Know!

October 17, 2022

Have you ever wondered how to make a simple pay stub? Or what goes into one? Whether you're an employer or an employee, it is good to understand how to make a simple pay stub. As an employer, a pay stub can help you keep better records and stay organized. As an employee, it can help you keep track of your net pay and deductions.This review will cov...

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Can You Create a Pay Stub for Yourself

October 12, 2022

Whether you're an employee or an employer, you'll need a pay stub. Employers must provide pay stubs, but what if you're self-employed? It can be hard to keep track of your hours worked, and wages earned when you're self-employed. A pay stub not only helps you stay organized, but it is proof of your earnings.Use our online pay stub generator to crea...

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Ultimate Guide To Pay Stubs

October 12, 2022

Are you an employer looking to understand pay stubs better? Or are you an employee who wants to ensure they're getting paid correctly? Regardless of which side of the coin you're on, it's important to have a strong understanding of pay stubs for both parties involved in the employment agreement.With that in mind, we've created the ultimate guide to...

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Best-Paystub-Generator-2022

October 12, 2022

The Best Paystub Generator For 2022 Is Finally Here!Withholding taxes and other deductions from an employee's paycheck can be complicated for business owners. You are responsible for ensuring that the right amount of money is withheld from each paycheck and sent to the appropriate government agencies. If you make a mistake, it could cost you and yo...

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The 2022 FICA Limit on Paystubs – Recent Changes

October 10, 2022

As a business owner and an employer, you’re required to stay up to date with changes introduced by the Social Security Administration (SSA). In 2022, SSA has changed a couple of things that pertain to paystub generation. The administration has outlined some of the key changes here.To make the task of paystub generation easier, we’ve summarized the ...

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Child Support and Paystub Deductions: What Goes into the Calculation?

October 10, 2022

How far do employer responsibilities extend when it comes to child support deductions and getting those reflected on a paystub?The answer to that question depends on several factors. Most importantly, your decision will be based on whether you’ve received an income withholding order. That document obliges employers to deduct a certain amount from a...

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