Today we are going to learn how to fill out a pay stub for Julie Jones. We will use the information provided under the pay stub to fill it out. So, the first thing we're going to do is fill out the employee name, employee number, and employee address. I will just type it in red. The appointment number is usually the social security number. The next thing we will calculate is the gross pay. Julie is paid twice a month, and her annual salary is $26,000. So, she will receive 24 paychecks. To calculate her gross pay, I divide $26,000 by 24. Her gross pay will be $1,083.33. The next thing I would calculate are the deductions. Federal deductions of $122.05 are given for the current pay period, so I put $122.05 across from federal withholding. Under current state withholding, $42.27 is given, so I put that across from state withholding under the current column. Next, I will calculate Social Security, which is 6.2 percent of the gross pay. To calculate it, I take 0.062 (remember, move the decimal place two places to the left) and multiply it by the gross pay ($1,083.33). The result is $67.17, so I put $67.17 across from Social Security. Now, let's calculate Medicare. Medicare is 1.45 percent of the gross pay. Multiply 0.0145 by the gross pay ($1,083.33), and you get $15.71. So, I place $15.71 across from Medicare. Under deductions, medical deductions of $42 and a 401k deduction of $76.31 are given for the current pay period. So, I will put them across from medical and 401k under the current column. Now, we have to calculate all of the deductions to find out how much we paid in taxes and other deductions. The total of all deductions is $365.51. I subtract $365.51 from the gross pay, and...
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online solutions help you to manage your record administration along with raise the efficiency of the workflows. Stick to the fast guide to do Employee Pay Stub, steer clear of blunders along with furnish it in a timely manner:
How to complete any Employee Pay Stub Online: - On the site with all the document, click on Begin immediately along with complete for the editor.
- Use your indications to submit established track record areas.
- Add your own info and speak to data.
- Make sure that you enter correct details and numbers throughout suitable areas.
- Very carefully confirm the content of the form as well as grammar along with punctuational.
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PDF editor permits you to help make changes to your Employee Pay Stub from the internet connected gadget, personalize it based on your requirements, indicator this in electronic format and also disperse differently.
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