Federal Income Tax wages.
Year-to-date income that is taxable as federal income tax.
"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.
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.
Federal Withholding
"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.
Federal Income Tax (FIT) Taxable
Year-to-date income that is taxable as federal income tax.
"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.
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.
Federal Withholding
"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 ImpIncHypo mean
It is your Federal withheld.
State Income Tax
Federal Withholding Tax
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.
fit = F.I.T. = Federal Income Tax