Although pay stub deduction codes might seem confusing, knowing the basic abbreviations and what they mean will allow you to keep track of what is being deducted. If you are in the latter category, you may want to consider Check Stub Maker to simplify the process of creating pay stubs. MEDI: Medicare (not Medicaid, that's totally different) FWT: Federal income tax. A wage type is a coding system used to define a type of payment or deduction on a pay statement. Pay Voucher/Check Stub Abbreviation Index We recommend that each team member become familiar with their pay voucher/pay stub and contact the Payroll Department with any questions. We and our partners will store and/or access information on your device through the use of cookies and similar technologies, to display personalised ads and content, for ad and content measurement, audience insights and product development. Checks come with pay stub abbreviations but if the employee doesn't know what those initials and codes stand for it can be confusing. If you don't typically look at your pay stubs, it might be a good idea to take a peek every once in a while just to make sure everything is in order. The number in this field of the paycheck will reflect this. Military Credit. Will be back soon!" this service! The above mock-up shows the general layout of the Swarthmore College Biweekly paycheck/direct deposit statement. As you review your pay stubs online, you will come across several different abbreviations that can be overwhelming to understand. Pay Stub Abbreviations. Your employer’s plan determines the amount of money that you pay for insurance hence it is not standard. Exceeded Line Limit on Stub. Usually at the top of the check you will see a header that contains the address of the company or employer, and the address of the employee. There is important information hidden in your paycheck stub. Lv 7. Net Pay: this is the amount of income you are actually receiving at this time. With a money-back satisfaction guarantee, taking care of payroll will be a pleasant experience that takes a matter of minutes, rather than hours of stress. Social Security tax is most often abbreviated as FICA, SS (Social Security), SSWT (Social Security Withholding Tax) or OASDI on pay stubs. Pay Stub and Payroll Codes. Clicking here for more is essential for you to learn more about SWT and FWT. 'String Templating Using Boo' is one option -- get in to view more @ The Web's largest and most authoritative acronyms and abbreviations resource. You need to pay attention to your financial details during these uncertain times as an individual. "STUB." To enable Verizon Media and our partners to process your personal data select 'I agree', or select 'Manage settings' for more information and to manage your choices. This is just a way to save time and space on your pay stub. FICA – Medicare: these are mandatory salary withholdings in which each employee pays 1.45% of their paycheck toward Medicare, and the employer also contributes 1.45%. PAYROLL CHECK STUB ABBREVIATIONS Salary Information EARN Base Salary this Pay EXPY Extra Pay for extra work P EXPY Pensionable Extra Pay FRINGE Excess Cost of Group Life Insurance Taxes: FED Federal Withholding Tax EXFED Additional Federal … For you to find out more information about INS, MED, SS abbreviations; you need to view here for more. To get an EIN, you must have a valid TIN (Taxpayer Identification Number), and you may do this by mail or online. For people that have not had time to view their pay stub in the past, this is a great opportunity for you to review them. Generated my stub in less than 3 minutes. P XX. Rarely do they go over, pay stub terminology. Here is what each means: Also in this part of the pay stub will likely be year-to-date fields, for both gross and net pay. Thanks. The other part of the paycheck concerns the various payroll deductions that may have taken place, usually for tax purposes, but perhaps also for insurance, retirement plans, leave time, childcare, or other employee benefits. However, they also mean that you require a certain amount of knowledge to decode them; but it’s easy when you know how – so here are some of the most important pay stub abbreviations, as well as some tips for understanding what they all mean. However, they also mean that you require a certain amount of knowledge to decode them; but it’s easy when you know how – so here are some of the most important pay stub abbreviations, as well as some tips for understanding what they all mean. Wage type abbreviations (eight character limit) are itemized on a pay statement to assist payees in understanding individual components of gross pay and deductions. SSEC: Social Security. Looking for the definition of STUB? Some of these abbreviations are used universally by other employers, while others are created and used for inter-company purposes. OTHER. You need to check this site for more information about the amount that is deducted for insurance. of wage types. Visiting this homepage is necessary for you to find out more about SWT. Learn more about This describes how much income you have received since the beginning of the calendar year, up to and including the pay period from the current pay stub. The New Look of Your Biweekly Swarthmore Pay Check. "toggle " + jQuery(this).prev().text() + " sub nav", Biweekly Equipment Purchase - Department Paid Taxes, Biweekly Equipment Purchase Imputed Income - Employee Paid Taxes, Miscellaneous Payments Not Included in the Weighted Average Adjusted Overtime Rate, Miscellaneous Payments Included in the Weighted Average Adjusted Overtime Rate, Biweekly Nonqualified Moving - Department Paid Taxes, Biweekly Nonqualified Relocation - Department Paid Taxes, Biweekly Nonqualified Relocation Imputed Income - Employee Paid Taxes, Nonqualified Tuition Imputed Income - Employee Paid Taxes, Night Shift Premium Flat Rates for 2nd Shift, Night Shift Premium Flat Rates for 3rd Shift, Retroactive Pay Differences from previous pay periods, Standby Special - Premium Pay for Employees Called to Work During Standby, Biweekly Tuition Supplement - Department Paid Taxes, Nonqualified Tuition - Department Paid Taxes, Biweekly Tuition Supplement Imputed Income - Employee Paid Taxes, Weekend Option Flat Rate First Shift Premium for Employees in Job Family 7, Weekend Option Flat Rate Second Shift Premium for Employees in Job Family 7, Weekend Option Flat Rate Third Shift Premium for Employees in Job Family 7, Weekend Option Flat Rate First Shift Premium for Employees in Job Families 10 11 15 30 32, Weekend Option Flat Rate Second Shift Premium for Employees in Job Families 10 11 15 30 32, Weekend Option Flat Rate Third Shift Premium for Employees in Job Families 10 11 15 30 32, Weekend Premium 10% for all weekend shifts, Weekend Premium 20% for all weekend shifts, Weekend Premium for Clinical Nurses?