If you live in a state with a state income tax, you will see this field. The law states that any time worked over 40 hours in a week, is subject to overtime pay. This means that a state court or the federal government has placed a lien against your earnings to recover a debt. Oftentimes the employer makes some form of matching contribution to the employee's retirement account if they choose to participate.The EIN is a government-issued number assigned to businesses in the United States. They include the types of insurance, i.e., HMO, PPO, Life, etc. Also provides a wide variety of payroll and human resource products and services, as well a brokerage services. You’ll generally see these fields marked as the acronym “YTD” on your pay stubs.Any errors in your deductions are your responsibility to report.
If you're not sure what a deduction is for, ask your human resources office or your employer.Abbreviations such as FT, FWT and Fed Tax are all common when providing the deduction amounts for federal income tax withheld from a paycheck. The other pat stub terminology that can fall under Holiday is to designate a special savings account, employees can utilize to put money aside for the holidays.INS stands for health insurance deductions. Others require employees to earn their PTO per pay period worked. BRVMT - Bereavement pay. The first thing they noticed is that the amount wasn't as much as they expected. By continuing to using our site you agree to the use of cookies This list can be sorted by DOS Code, Pay Type/Check Description, or Full Description. By using our site you agree to the use of cookies.
Browse the list of 431 Payroll abbreviations with their meanings and definitions.
Try your search in the crossword dictionary! List of most popular Payroll terms updated in July 2020 However, this is by no means an exhaustive list.Many companies list codes on their paycheck specific to how they do business or the benefits they offer to employees.
These abbreviations assist the employee in understanding how much they earned, deductions being taken out, and the amount they will take home.
When you're hired, you must complete a W-2 form.
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Many of us just weren't taught about taxes, insurance, and other amounts that come out of our earnings.A pay stub abbreviation is a code or list of codes located on an employee's paystub.
The Under federal law, each worker contributes 6.2% of their gross income directly into the Social Security fund, and every employer adds an extra 6.2% for each employee.The federal government requires every working American to contribute to If you signed up for medical, dental or life insurance through your employer, your contributions to these plans will be deducted from your pay as well.Contributions to retirement savings plans such as a A flexible spending plan allows you to set aside pre-tax dollars for medical expenses including health insurance copayments, deductibles and prescription drugs.
This is the amount of your take-home pay after all deductions have been taken out of your earnings.OT is the pay stub abbreviation for time worked over your regular hours. Clue: Pay-stub acronym. Basic information includes: your name, Banner ID number, Social Security number, check/direct deposit date, and the net amount of the check or direct deposit.If you are experiencing difficulty accessing information on this site due to a disability, or if you have If you are experiencing difficulty accessing information on this site due to a disability, or if you have Use left and right arrow keys to navigate between menus.Use up and down arrow keys to explore within a submenu.Hide or show the sub-menu options for Meet SwarthmoreHide or show the sub-menu options for Admissions & AidHide or show the sub-menu options for News & Events These payments are managed by the The amount of money withheld for federal taxes depends on the amount of money that you earn and the information that you gave your employer when you filled out a W-4 form, or Employee’s Withholding Allowance Certificate.For every allowance you take, less money gets withheld for federal taxes and more money gets added to your paycheck. The Crossword Solver finds answers to American-style crosswords, British-style crosswords, general knowledge crosswords and cryptic crossword puzzles. This means you know exactly how much money you are taking home. It is a nine-digit number assigned by the Internal Revenue Service. You might see your state abbreviation along with the word "tax" to show this deduction, especially if you have state tax deducted for the state in which you reside and for the state in which you work.
This includes how much was paid on your behalf in taxes, how much was deducted for benefits, and the amount that was paid to you after taxes and deductions were taken.