The deduction wage on your check stub refers to the amount subtracted from your gross pay for various reasons, such as taxes, health insurance premiums, retirement contributions, and other benefits. These deductions can be mandatory, like federal and state taxes, or voluntary, like contributions to a retirement plan. The net pay, which is your take-home pay, is calculated by subtracting these deductions from your gross earnings. Understanding these deductions is essential for managing your finances effectively.
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Federal Health Insurance Deduction (medicare)
The "SS" on a check stub typically stands for "Social Security," referring to the amount withheld from an employee's paycheck for Social Security taxes. This deduction contributes to the federal Social Security program, which provides benefits for retirees, disabled individuals, and survivors of deceased workers. The check stub will usually show the total earnings, the amount withheld for Social Security, and other deductions.
CSFX on your check stub typically refers to "cash flow exchange" or a similar term related to financial transactions. It may indicate a deduction or a line item related to a specific benefit or service. To understand its exact meaning, it’s best to consult your employer's payroll department or the documentation provided with your pay stub, as abbreviations can vary by company.
MICA TAX is referred to your Medicare deduction.
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Medicare Deduction -apex
What is the deduction SWI on my pay stub
Federal Health Insurance Deduction (medicare)
The "SS" on a check stub typically stands for "Social Security," referring to the amount withheld from an employee's paycheck for Social Security taxes. This deduction contributes to the federal Social Security program, which provides benefits for retirees, disabled individuals, and survivors of deceased workers. The check stub will usually show the total earnings, the amount withheld for Social Security, and other deductions.
CSFX on your check stub typically refers to "cash flow exchange" or a similar term related to financial transactions. It may indicate a deduction or a line item related to a specific benefit or service. To understand its exact meaning, it’s best to consult your employer's payroll department or the documentation provided with your pay stub, as abbreviations can vary by company.
MICA TAX is referred to your Medicare deduction.
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On a check stub, "USS" typically stands for "Union Security Service" or "Union Sick Leave," depending on the context of the employment and the specific deductions. It may indicate a deduction for union dues or contributions related to union benefits. Always refer to your employer's specific definitions or consult your HR department for clarification.
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I need a check stub from the 27th of last month pay period.
OAS on a payroll check stub typically stands for Old Age Security, which is a government program in Canada that provides financial support to seniors. The deduction reflects contributions made to this program, which helps fund retirement benefits for eligible individuals. Employers often withhold this amount from employees' paychecks to ensure they are contributing to their future retirement security.