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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 of an employee's payment. While it may seem confusing, it provides essential details about salary for each pay period. Typically, it includes employee and company information, wages earned for the current period and year-to-date, a breakdown of state and federal tax deductions, and benefits information. The pay stub ultimately indicates the total earnings for the employee. If you receive a paycheck, a pay stub is generally attached to it.