Understanding Pay Stubs

Front

Pay period on a pay stub

Back

The time frame for which you are being paid.

Front

Gross pay vs net pay

Back

Gross pay is the total earnings before deductions, while net pay is the amount after deductions.

Front

Importance of understanding your pay stub

Back

To ensure you are being paid correctly and to manage your finances better.

Front

How to lower taxable income

Back

Contribute to a pre-tax retirement account.

Front

Federal income tax

Back

A type of deduction from your paycheck.

Front

Total amount of money earned

Back

Gross pay.

Front

Amount after deductions

Back

Net pay.

Front

Common way to manage finances better

Back

Understanding your pay stub.

Front

Knowing the length of your pay period helps in planning work hours and budgeting effectively.

Back

It allows for better financial management and resource allocation.

Front

A corporation offers limited liability protection to its owners.

Back

This means that owners are not personally liable for the debts of the business.