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What does ytd fed taxable mean on a check stub?
Year-to-date income that is taxable as federal income tax.
What does ytd federal taxable mean on check stub?
"YTD federal taxable" on a paycheck stub refers to the total amount of income that has been subject to federal income tax withholding from the beginning of the calendar year to the current pay period. This figure includes wages, bonuses, and other taxable earnings. It's important for employees to track this amount for tax reporting purposes when filing their annual income tax returns.
What does tp and ytd mean on a check stub?
"TP" on a check stub typically stands for "Taxable Pay," indicating the portion of your earnings that is subject to income tax. "YTD" means "Year-To-Date," which reflects the total earnings, deductions, and taxes from the beginning of the year up to the date of the check stub. These terms help employees track their earnings and tax liabilities throughout the year.
What does SUP mean on a check stub?
On a check stub, "SUP" typically stands for "supplemental." This indicates that the payment is an additional amount beyond the regular salary or wages, often related to bonuses, overtime, or other compensations. It helps employees identify the nature of their earnings for that pay period.
What does w2gr mean on a pay stub?
"W2GR" on a pay stub typically refers to the amount of wages that are reported on a W-2 form, specifically for employees who receive gambling winnings. It indicates that these earnings are part of the taxable income and will be reported to the IRS. This designation helps ensure that both the employee and the employer are compliant with tax reporting requirements related to gambling income.
What does not fit taxable mean on a check stub?
Federal Income Tax (FIT) Taxable
What does ytd fed taxable mean on a check stub?
Year-to-date income that is taxable as federal income tax.
What does tp and ytd mean on a check stub?
"TP" on a check stub typically stands for "Taxable Pay," indicating the portion of your earnings that is subject to income tax. "YTD" means "Year-To-Date," which reflects the total earnings, deductions, and taxes from the beginning of the year up to the date of the check stub. These terms help employees track their earnings and tax liabilities throughout the year.
What does SUP mean on a check stub?
On a check stub, "SUP" typically stands for "supplemental." This indicates that the payment is an additional amount beyond the regular salary or wages, often related to bonuses, overtime, or other compensations. It helps employees identify the nature of their earnings for that pay period.
What does w2gr mean on a pay stub?
"W2GR" on a pay stub typically refers to the amount of wages that are reported on a W-2 form, specifically for employees who receive gambling winnings. It indicates that these earnings are part of the taxable income and will be reported to the IRS. This designation helps ensure that both the employee and the employer are compliant with tax reporting requirements related to gambling income.
What does FWH mean on a check stub?
Federal Withholding
What does medicare tax mean on a payroll check stub?
what does ImpIncHypo mean
What does FED WT mean on a check stub?
It is your Federal withheld.
What does SIT mean on a check stub?
State Income Tax
What does FWT mean on payroll check stub?
Federal Withholding Tax
Why does GTL show on your paycheck stub?
GTL, or Group Term Life insurance, appears on your paycheck stub as a taxable fringe benefit provided by your employer. If your employer offers life insurance coverage above a certain threshold, the value of that coverage is considered taxable income by the IRS. This means that the cost of the excess coverage is reported on your paycheck stub, and you may see it reflected in your taxable income for the year.
What does fit mean on a payroll check stub?
fit = F.I.T. = Federal Income Tax
