Understanding Your PayStub
Here is a quick visual of some of the key components of your pay stub, as well as some common misconceptions or questions!
If you ever believe that you were paid incorrectly, please contact Team Development at teamdevelopment@pcienterprises.com and provide information letting them know which portion of your paystub shows an error.
Period Begin and Period End Dates:
These represent the dates calculated to determine your Regular and Overtime Hours and will match the timesheet for those same dates.
Most often, when people believe their hours are incorrect, they are simply looking at a different timesheet period.
If you'd like to double check your hourly wage, the easiest way to do that is to take the Current Regular Dollars amount divided by the Current Regular Hours. For this team member, 380/40 = 9.5, so this team member is currently making $9.50/hour.
Commission & Bonus Lines
Notice that all payment is separated into "Hours" and "Dollars". While you earn Commission based on the number of hours you work, your paycheck will always show "0.00" in the HOURS column. To ensure you received your commission, check the amount under the DOLLARS column.
The same is true of any bonuses earned.
Gross Pay vs. Net Pay
Your Gross Pay is the total amount of money earned. Your Net Pay is the amount of your check and accounts for any taxes, health insurance deductions, child support, etc. that may be withheld from your check.
Deductions
This section will outline any deductions (other than Taxes) that are withheld from your paycheck. Most often, this will be your Health Insurance Contributions. Other deductions you may see would include items such as child support or federal loan repayments.
Taxes
On the top right hand side of your paystub, you will see your filing status as well as any additional withholdings for Federal Taxes that you have setup on your W4.
Both of these items are factors in the amount of Federal Taxes withheld from each paycheck. The amount to withheld is calculated automatically through our payroll system based on your filing status.
In the example above, this employee did not have any Federal Taxes withheld based on their filing status.
When the IRS reworked the W4 form in 2020, their goal with the new form is that, when filled out per their recommendations, you would Net $0 at the end of the tax year. This means you would neither owe taxes nor receive a refund. For this reason, many people find that the amount being withheld is lower than what they're used to (even if the amount withheld is $0). If you would like to update your filing status, visit our information page regarding Updating Your W4