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A pay stub, also known as an earnings statement, wage statement, pay slip, or paycheck stub, is a financial record provided to employees detailing their salary for each pay period. Although it may seem complex, understanding its key components can simplify it. A pay stub typically includes employee and company information, wages earned for the current pay period and year-to-date, a tax breakdown for state and federal taxes, and benefits deductions. Essentially, the pay stub provides a clear overview of your earnings. If you receive a physical paycheck, the pay stub is usually attached, indicating that you've been paid.