What is a pay stub?

A pay stub is a document that provides detailed information about an employee's earnings for a specific pay period, along with any deductions that have been taken from their gross pay. It typically includes the employee's total hours worked, hourly wage or salary, overtime pay, bonuses, and other forms of compensation. Additionally, it outlines deductions for items such as taxes, health insurance, retirement contributions, and other benefits. This transparency allows employees to understand how their pay is calculated and what specific amounts are being withheld, which can help them verify that they are being paid accurately and understand their financial situation better. The other choices do not accurately define a pay stub, focusing instead on unrelated topics like social security eligibility, benefits, or annual tax forms.