The list can be very lenghty and include anything the employee wants. Common ones, some of which are required are: Federal and State income taxes, unemployment & disability insurance, other insurance, Social Security, retirement, other savings, medical ins contributions, union dues, charitable contribution programs, etc.
Tax
Paycheck stub
Gross pay
take home pay
One should expect for there to be deductions for federal, state, local and social security tax. You may also see deductions for health insurance and your 401k investments.
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
Unemployment is not one of the deductions from a worker's paycheck. The employer, only, pays for unemployment insurance.
Paycheck stub
Gross pay
take home pay
The amount of money earned before deductions are taken out of a paycheck
NO
It is your paycheck before any deductions, taxes or benefits are taken out. Simply how many hours you work multiplied by your hourly rate.
One should expect for there to be deductions for federal, state, local and social security tax. You may also see deductions for health insurance and your 401k investments.
Those are amounts taken out of your paycheck that do not reduce the amount of tax you have to pay on your salary.
Your GROSS pay is before any deductions. Compute deductions, subtract them from your gross pay, and get your NET pay- that is how much you get to take home.
A couple of deductions you could find on your paycheck stub would include Federal Income Tax, State Taxes, Social Security, Medicare, Insurance, Retirement Saving Funds, and Account Spendings.
In simple terms, Paystub is an on paper record of your paycheck provided along with each paycheck. Paystub or paycheck stub contains various details related to the paycheck. It mentions the amount which the employee earned and also states the deductions in forms of taxes, insurance, costs and others.