SAMPLE LASER PRINT CHECK
DECODING PAYCHECK STUBS
Listed below are various “payment types” which may appear on your paycheck stubs:
UNITS UNITS APPEARS ON STUB 86.67 80.00 EXPLANATION Employees who are paid Semi-monthly (40 hours (x) 52 weeks=2080 hours in a year (\) 24 pay peroids=86.67 units) Employees who are paid Bi-weekly (Hourly, Student Workers and Work Study employees) (40 hours (x) 52 weeks=2080 hours in a year (\) 26 pay peroids=80.00 units) Regular Salary Taxable Income Overtime or Compensatory Time Paid at Straight Time Overtime Paid at Time and One Half VSDP Benefit Workers Compensation Moving & Relocation not Taxable Moving & Relocation Taxable Leave Share Annual Leave Sick Leave Compensatory Leave Imputed Life* Adjunct Faculty Faculty Overload Incentive Pay Plan Bonus Bonus Overtime Leave Termination Pay Resident Tuition
REGULAR TAXABLE OTIME 1 OTIME 2 VSDP BEN WRK COMP M&R NTAX M&R TXBL LV SHARE ANNUAL SICK LV COMP LV IMPLIFE ADJ FAC FAC OVLD IPPBONUS BONUS O/T TERM TUITION
*Imputed Life – Employees are responsible for the taxes on the employer paid Life Insurance in excess of $50,000.
Listed below are various “benefit types” which may appear on your paycheck stubs:
APPEARS ON STUB FED TAX VA TAX OASDI HI OPT LIFE SUPPORT _ GARNISH_ GARN FEE DEP CARE MED REIM ADM FEES PRM CONV EMP HLTH PETTYCSH DEF COMP PRE-TAX POST TAX ADM FEES EBOND IBOND DDCHKING DDSAVING DDCHKING DDSAVING EMPASCO_ CVC CAPCAMPN CNUFOUND FOUNDAT EXPLANATION Federal Taxes Virginia State Taxes Old Age Survivor and Disability Insurance (6.2%) Medicare Taxes (1.45%) Optional Life Insurance Child Support Orders Court Ordered Garnishments/IRS Levy/Tax Levy Garnishment Fee Flexible Spending Account-Dependent Care Reimbursement Flexible Spending Account- Medical Reimbursement Administrative Fee For Flexible Spending Account(s) Pre-Tax Health Care Expense Post-Tax Health Care Expense Salary Advances Deferred Compensation Tax Sheltered Annuities Miscellaneous Insurance & Legal Resources Administrative Fees for Post and Pre-Taxed Deductions US E Savings Bonds US I Savings Bonds Direct Deposit Checking-Fixed Amount Direct Deposit Savings-Fixed Amount Direct Deposit Checking-Net Amount Direct Deposit Savings-Net Amount Employee Association Combined Virginia Campaign Capital Campaign Captains Crew CNU Foundation