What does this mean on my pay stub?
What does this mean on my pay stub?
This is the information about your specific job. This is your Federal and State filing status. These are your current and year to date hours and earnings. Federal and State current and year to date taxes withheld. Before Tax Deductions.
What does OTP mean on my payslip?
➢ Description of Service (DOS) Code. A three character code used to identify a payment to an employee such as Regular pay (REG) or Overtime Premium (OTP).
What are the 5 mandatory deductions from your paycheck?
Mandatory Payroll Tax Deductions
- Federal income tax withholding.
- Social Security & Medicare taxes – also known as FICA taxes.
- State income tax withholding.
- Local tax withholdings such as city or county taxes, state disability or unemployment insurance.
- Court ordered child support payments.
What are payroll codes?
Pay codes are labels used to identify pay rate multipliers – they allow you to apply pay rate multipliers to users’ time. They are used in overtime rules and pay rules, time off types, and payroll calculations, and they display in the pay code summary in timesheets.
What are pay codes?
Pay codes are the types of pay you are earning (work, on-call, stand-by) or using (vacation, sick, comp) for the hours entered on the timesheet.
What does ESP mean on a payslip?
An employee savings plan (ESP) is a pooled investment account provided by an employer that allows employees to set aside a portion of their pre-tax wages for retirement savings or other long-term goals, such as paying for college tuition or purchasing a home.
How many allowances should I claim California?
A single filer with no children should claim a maximum of 1 allowance, while a married couple with one source of income should file a joint return with 2 allowances. You can also claim your children as dependents if you support them financially and they’re not past the age of 19.
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