paper paycheck definition
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Paycheck An example of a payslip from the John Lewis Partnership, showing gross salary, tax and National Insurance paid and yearly bonus entitlement, among other things. A pay cheque, also spelt pay check, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.
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Understanding Your Paycheck Federal withholding is money that is withheld and sent to the IRS to pay federal income taxes. It goes to pay for a number of programs, such as national defense, foreign affairs, law enforcement, education, and transportation. Every year, the federal elected representatives meet to decide how this money will be spent.
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payroll 1. (Industrial Relations & HR Terms) a list of employees, specifying the salary or wage of each. 2. (Banking & Finance) a. the total of these amounts or the actual money equivalent. b. (as modifier): a payroll tax.
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Draw Pay Law and Legal Definition Draw Pay Law and Legal Definition. Draw pay is an advance of money held, usually referring to money that has been earned but not payable until a predefined pay date. The following is an example of one employer's draw pay policy: Draw Pay.
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- DEFINITION of 'Withholding'. The portion of an employee's wages that is not included in his or her paycheck because it is remitted directly to the federal, state and local tax authorities.
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What is a 'Withholding' The portion of an employee's wages that is not included in his or her paycheck because it is remitted directly to the federal, state and local tax authorities.
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dishonored check dishonored check. Check that is returned unpaid by the bank on which it was drawn due to lack of sufficient funds. To knowingly issue a check that will be dishonored is a criminal offense in many jurisdictions.
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Definitions &Translations In accounting, salaries are recorded in payroll accounts. Salary is a fixed amount of money or compensation paid to an employee by an employer in return for work performed. Salary is commonly paid in fixed intervals, for example, monthly payments of one-twelfth of the annual salary.
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deposit slip Popular Terms. A paper slip that banks use with customers for the purpose of depositing funds into their accounts. Typically this form will have the bank's customer's name and account number printed directly on it.
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What Is a Paycheck Stub? A paycheck stub will usually have the Social Security number or other type of identifier for the employee, as well as his or her name. This can often include an employee number for internal record keeping, and will usually also include the name and address of the business paying the person.
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Paycheck An example of a payslip from the John Lewis Partnership, showing gross salary, tax and National Insurance paid and yearly bonus entitlement, among other things. A paycheck, also spelt pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card. Employees may still receive a pay slip to detail the calculations of the final payment amount.
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- Duplicate checks are manufactured into pads comprised of alternating sheets of carbonless check paper and lighter identically numbered plain paper. The carbonless check paper automatically records every transaction onto the plain paper to create a permanent reference copy.
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- Definition of unpaid cheque: nouna cheque which has been deposited but which is bounced by the bank on which it is written, so the account of the person... Definition of unpaid cheque: nouna cheque which has been deposited but which is bounced by the bank on which it is written, so the account of the person... Home Articles
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What is 'Paper Money' What is 'Paper Money'. A country's official, paper currency that is circulated for transaction-related purposes. The printing of paper money is typically regulated by a country's central bank/treasury in order to keep the flow of money in line with monetary policy. Paper money tends to be updated with new versions that contain security features that seek to make it more difficult for counterfeiters to create illegal copies.
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What Is Federal Tax Withholding? A: Federal tax withholding is an amount held from a regular employee's paycheck that goes toward his federal tax obligation. The amount an employer withholds from each paycheck is based on information provided by a worker on a W-4 form, according to the Internal Revenue Service. Continue Reading
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10+ Pay Stub Templates Features of pay stub templates . Pay stub is also known as paycheck stub in various business organizations and companies. A well prepared pay stub gives an employee complete account of information about salary paid by the company or employer.
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cashier's check Definition of cashier's check. : a check drawn by a bank on its own funds and signed by the cashier.
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- defining gross pay an employee s gross pay is the amount of his wages before any deductions including taxes and benefits gross pay may be determined by the amount an employee works as in hourly pay or at a set rate as in a weekly salary
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Glossary of Payroll Terms Advice: Report to employees whose pay is direct deposited showing gross pay, reductions, deductions, contributions, net pay, selected year-to-date totals and bank account number. AIS: Administrative Information Systems.
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- Quick Answer. Federal tax withholding is an amount held from a regular employee's paycheck that goes toward his federal tax obligation. The amount an employer withholds from each paycheck is based on information provided by a worker on a W-4 form, according to the Internal Revenue Service.
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Extra Paychecks For People Paid Weekly or Bi-Weekly For most of the year, a weekly paycheck means you get four checks per month. A bi-weekly paycheck means you get two paychecks per month. There are four months of every year (March, June, August and November) that have 5 Friday's instead of four.
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What is CHECK STUB? A check's portion retained as a record by the check writer; for account keeping purposes, such as the stub part of a payroll check. The stub has an area for payments to date and information about the current paycheck. It may written or it may a carbon copy of the check.
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draft draft. 1) n. a bill of exchange or check in which one party (including a bank) is directed by the party drafting (writing) the bill or check to take money from the drafter's (writer's) bank account and pay it to another person or entity.
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- Definition. A monthly report on the previous month's average hourly payroll earnings for production and non-supervisory non-farm workers. The data are part of the Employment Report that is released by the Bureau of Labor Statistics on the first Friday of each month.RL to this page: http://www.investorwords.com/12635/average_hourly_earnings.html. Copyright © 2015 by WebFinance, Inc. ALL RIGHTS RESERVED. Reproduction of all or part of this glossary, in any format, without the written consent of WebFinance, Inc. is prohibited.
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- Revised: 10/28/13 Update #13-14 page 19-6 CalFresh Handbook Income Definitions and Exemptions In months that a paycheck is received on the last working day of a month (because the first is a holiday or falls on a weekend) that check is treated as if it were received on the first of the following month.