Author: Stubcreator

The Federal Insurance Contributions Act (FICA) mandates that all employers withhold two taxes, including the Social Security tax. The Medicare Tax is the other. Most employees, companies, and self-employed individuals... Read More

In accordance with the Federal Insurance Contributions Act (FICA), a 1935 U.S. law that also mandates employers to make matching contributions, a payroll tax must be withheld from employees’ paychecks.... Read More

One of the primary benefits of paycheck stubs is that they provide a detailed breakdown of your earnings and deductions. Looking at your paycheck stub, you can see exactly how... Read More

The sum that is credited to an employee’s salary account on a monthly basis (or weekly, depending on the conditions of the employment contract) is known as the net salary,... Read More

The cost to the company (CTC) is supplied as a gross salary to the employees who are compensated for their services. Cost to the company is the sum that the... Read More

Employers submit Form W-3 to the Internal Revenue Service (IRS) and the Social Security Administration in order to record the combined employee income. This form must be filled out and... Read More

Bereavement Leave is a paid leave policy offered by the employer when an employee loses a family member, relative, spouse, child, sibling, or any other relationship. Although paid bereavement leave... Read More

Employers in some states must pay their employees for the time spent on jury duty as a form of income protection known as jury duty pay. Employers may be required... Read More

Check stubs are an important piece of the puzzle when managing your financial records. They provide valuable information about your income, deductions, and taxes withheld and can be used as... Read More

Double-time pay is a pay rate that is twice the employee’s normal pay rate. Employees who work overtime may be allowed to double pay or holiday pay if they are... Read More