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Continue Learning about Accounting

How can you get my paycheck stub?

To obtain your paycheck stub, you can typically access it through your employer's payroll system or human resources portal. If your employer provides paper stubs, you may receive them with each paycheck or upon request. Alternatively, you can contact your HR department directly for assistance in retrieving your paycheck stub. Make sure to have your employee identification information ready for verification.


What deductions from a paycheck are reasonable for a worker to expect?

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.


Is it true that part of income and employment taxes is taken out of worker's paychecks before they even receive them?

Yes, it is true that part of income and employment taxes are taken out of a worker's paycheck before they receive them.


How do you get earned income credit early?

You can file a W-5 form with your employer's payroll department, and they're supposed to advance it to you in your paycheck.


What is a Tax Return?

A tax return is the money you receive back from the government when they calculate that you over pad on your taxes throughout the year. If taxes are automatically deducted from each paycheck, your paycheck is your net income. The government often takes more than they are supposed to receive. If you file your tax return documents on time, you will typically receive a check in the mail of the difference that you are owed. If your paychecks are given without deducting taxes, you will owe the IRS money at the end of the year.