Free Pay Stub Template

A pay stub is a document that has to be attached to the paycheck in order to specify details pertaining to the payment made. Usually, this is a small piece of paper used for reference on tax deductions and when proof of income is required. The employer has to provide workers with this document to confirm their earnings for a specific time period. Both the superior and employee have to keep pay stubs so that they could ensure a legal work relationship and provide proof of income when required.

How do you use a Pay stub template?

Although the formatting of pay stubs can vary, you’ll find that most have some of the same information. For instance, a pay stub should always identify the employee and employer. Otherwise, the document is unreliable. It should also be dated and provide calculations that show the employee’s final pay and any taxes withheld.

The most common data fields to include in your pay stub template are:

• Your company’s name and address
• The employee’s name and employee ID
• The pay period for which the payment covered
• The date that the employee was paid
• The gross wages, including regular and overtime pay
  
• The tips, commissions, or other earnings
• The pre-and post-tax deductions taken from the employee’s earnings
• The employee’s net pay

Many pay stub templates include useful information such as the number of hours worked during the pay period, year-to-date balances, and paid time off taken. They may also include specific descriptions on the purpose of pre-and post-tax payroll deductions, such as for medical insurance, life insurance, commuter benefits, or uniform fees.

This Free pay stub template is ready-made and easy to use. After downloading it successfully, you can customize it according to your personal situation. If this isn't the right letter that you are looking for, then certainly take a look at the other letters that Bizzlibrary.com has to offer. We have many letters ranging from cover letters to business letters and thank you notes.