What does this mean on my pay stub?

What does this mean on my pay stub?

A paycheck stub summarizes how your total earnings were distributed. The information on a paystub includes how much was paid on your behalf in taxes, how much was deducted for benefits, and the total amount that was paid to you after taxes and deductions were taken.

What is Pxume EE pre Paychex?

i’m told this is a Payrolls by Paychex, inc term: PXCMP EE PRE is the employee’s (your) pre tax contribution to your company provided medical insurance. Not something you can claim on your taxes and be refunded for.

What is Flex Med on Paystub?

FLEX-MED/MISC. Flex spending medical – misc. FLEX-M. EMPLOYEE PAY.

What is Med 125 on my paycheck?

Section 125 is part of the Internal Revenue Code that allows employees to convert a taxable cash benefit (salary) into non-taxable benefits. Under a Section 125 plan, you may choose to pay your medical premiums, unreimbursed medical expenses and dependent child care before any taxes are deducted from your paycheck.

Does this employer issue your paycheck?

Your employer will give you or mail you your check. If you’re not sure how to access your paycheck, ask your human resources department.

What should I look for on my paycheck stub?

Upon eligibility for Social Security, an employee is entitled to coverage for a majority of their medical expenses. Year-to-date (for pay and deductions): The year-to-date fields on your paycheck stub show how much you have paid toward a particular withholding at any point in the calendar year.

Where do I find abbreviations on my pay stub?

On your pay stub, you’ll see some common payroll abbreviations and some that aren’t so common. For simplicity, you can break them down by pay stub abbreviations found in the header, earnings and deductions sections. In the header of your pay stub, you’re going to see your name, pay period, check date, and other identifying information.

What does SSN stand for on a pay stub?

Not only will you find out what “SSN” is, but you can also decode your earning and deduction abbreviations on your pay stub. You are going to see several abbreviations on your paycheck. This is just a way to save time and space on your pay stub.

What does the earnings section on a pay stub show?

The earnings section shows your earnings from the pay period and includes overtime. It also shows pre-tax deductions for different employee benefits that you may receive, such as health insurance and retirement contributions.