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A pay stub, also known as an earning statement, wage statement, pay slip, or paycheck stub, serves as a financial record for employees regarding their payments. Despite its potential complexity, understanding a pay stub is straightforward. It typically includes employee and company information, wages earned for the current pay period, and year-to-date totals. Additionally, it features a tax breakdown that details state and federal tax withholdings, along with benefit deductions. The primary purpose of a pay stub is to clarify how much an employee earns, and if you’ve received a paycheck, a pay stub is usually attached to it, indicating you’ve been paid.