Definition: A pay slip, also known as a paycheck stub, is the document that itemizes what employees are paid. Pay slips include the details of each pay period's wages including gross pay, federal and state taxes withheld, insurance, medicare and social security deductions, retirement plan contributions, wage garnishments and net pay. The pay slip may also include year-to-date totals of gross and net earnings and deductions.
When employees are paid with a paper check, the pay slip will be attached to the paycheck. If employees are paid by direct deposit to their bank account, the pay slip should be available online to print if a paper copy isn't provided by the employer.
There are websites you can use to calculate the deductions that will be withheld from your pay to estimate the amount of your paycheck:
When you start a new job or want to change the amount of tax that is withheld from your paycheck, you will need to fill out a W-4 Form. Here's how to complete the form.
How to Get a Copy of Your Pay Slip
Copies of pay slips are often required for credit applications or to otherwise verify employment. If you haven't saved copies of your pay stubs, check to see if you can view and print them from the employee section of your company website or from the payroll service site that your employer uses.
If you can't locate copies, ask the Payroll or Human Resources department of your employer if they can provide you with copies of your pay slips.
Also Known As: pay stub, paycheck stub, payslip