Basic IncomeBasic Income
BonusBonus
CommissionCommission
Direct DepositDirect Deposit
Earned IncomeEarned Income
Exempt vs. Non-Exempt StatusExempt vs. Non-Exempt Status
Fringe BenefitsFringe Benefits
Gross IncomeGross Income
Gross PayGross Pay
Incentive PayIncentive Pay
Living WageLiving Wage
Merit IncreaseMerit Increase
Net IncomeNet Income
Net PayNet Pay
Pay FrequencyPay Frequency
Pay StubPay Stub
Payroll DeductionPayroll Deduction
Profit SharingProfit Sharing
Salary NegotiationSalary Negotiation
Salary SlipSalary Slip
Side HustleSide Hustle
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Pay Stub

Definition

A document that accompanies your paycheck, detailing your earnings, deductions, and net pay for that period.

What to consider

  • Examine your stub to ensure all deductions are correct.
  • Keep it for records and to help with loan applications.
  • It can reveal important details about your overall compensation.

Real world scenarios

  • Rita reviews her pay stub each payday, confirming all deductions for health insurance, retirement, and taxes align with her expectations.
  • After seeing a payroll error on her stub, Jonathan contacts HR, quickly fixing the discrepancy before it impacts his finances.
  • She keeps digital copies of pay stubs to document her income growth over time, aiding future loan applications.

Related terms

Side Hustle
Payroll Deduction
Pay Frequency
Basic Income
Exempt vs. Non-Exempt Status

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