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Pay stubs, also known as pay statements or wage statements, are like the decoder rings of payroll. They help employees decipher their paychecks and are useful to employers when solving wage and hour disputes or tax discrepancies. Depending on the state, pay stubs may also be part of payroll compliance.
What is a personal wage record?
Wage records are used to track overall employment and wages in the economy, and can be used to track whether individuals are accurately reportingtheir earnings for the purposes of child support payments or eligibility for income-based programs like Food Stamps or welfare.
What is a wage record?
Wage records means all records evidencing all wages, commissions, overtime pay, gratuities, meals, board, rent, housing or lodging received from any employer during all time periods relevant to the act.
What is an example of a personal record?
So, if someone runs their first 5K race in 28:45, thats their PB for the 5-kilometre distance. If they run faster than 28:45 in a subsequent 5K race, then they have a new PB for that distance. Over time, PB came to mean any new record in a sport that could be performed by a single person.
What is considered a payroll record?
Payroll records are the combined documents pertaining to payroll that businesses must maintain for each individual that they employ. This includes pay rates, total compensation, tax deductions, hours worked, benefit contributions and more.
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The Louisiana Wage Payment Act, La. R.S. 23:631 (the Act) requires employers to pay employees all wages due upon termination of employment. Furthermore, all wages due must be paid on or before the next regular payday or no later than 15 days following the date of discharge or resignation, whichever occurs first.
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