Listed below are various “payment types” which may appear on your paycheck stubs:
APPEARS ON STUB | EXPLANATION |
| UNITS 86.67 | Employees who are paid Semi-monthly (40 hours (x) 52 weeks=2080 hours in a year (\) 24 pay peroids=86.67 units) |
| UNITS 80.00 | 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 | Regular Salary |
| TAXABLE | Taxable Income |
| OTIME 1 | Overtime or Compensatory Time Paid at Straight Time |
| OTIME 2 | Overtime Paid at Time and One Half |
| VSDP BEN | VSDP Benefit |
| WRK COMP | Workers Compensation |
| M&R NTAX | Moving & Relocation not Taxable |
| M&R TXBL | Moving & Relocation Taxable |
| LV SHARE | Leave Share |
| ANNUAL | Annual Leave |
| SICK LV | Sick Leave |
| COMP LV | Compensatory Leave |
| IMPLIFE | Imputed Life* |
| ADJ FAC | Adjunct Faculty |
| FAC OVLD | Faculty Overload |
| IPPBONUS | Incentive Pay Plan Bonus |
| BONUS | Bonus |
| O/T TERM | Overtime Leave Termination Pay |
| TUITION | Resident 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 | EXPLANATION |
| FED TAX | Federal Taxes |
| VA TAX | Virginia State Taxes |
| OASDI | Old Age Survivor and Disability Insurance (6.2%) |
| HI | Medicare Taxes (1.45%) |
| OPT LIFE | Optional Life Insurance |
| SUPPORT _ | Child Support Orders |
| GARNISH_ | Court Ordered Garnishments/IRS Levy/Tax Levy |
| GARN FEE | Garnishment Fee |
| DEP CARE | Flexible Spending Account-Dependent Care Reimbursement |
| MED REIM | Flexible Spending Account- Medical Reimbursement |
| ADM FEES | Administrative Fee For Flexible Spending Account(s) |
| PRM CONV | Pre-Tax Health Care Expense |
| EMP HLTH | Post-Tax Health Care Expense |
| PETTYCSH | Salary Advances |
| DEF COMP | Deferred Compensation |
| PRE-TAX | Tax Sheltered Annuities |
| POST TAX | Miscellaneous Insurance & Legal Resources |
| ADM FEES | Administrative Fees for Post and Pre-Taxed Deductions |
| EBOND | US E Savings Bonds |
| IBOND | US I Savings Bonds |
| DDCHKING | Direct Deposit Checking-Fixed Amount |
| DDSAVING | Direct Deposit Savings-Fixed Amount |
| DDCHKING | Direct Deposit Checking-Net Amount |
| DDSAVING | Direct Deposit Savings-Net Amount |
| EMPASCO_ | Employee Association |
| CVC | Combined Virginia Campaign |
| CAPCAMPN | Capital Campaign |
| CNUFOUND | Captains Crew |
| FOUNDAT | CNU Foundation |
...
http://hr.cnu.edu/docs/payroll/SampleCheck-DecodeStubs.doc >view
1 comment:
A detailed and well-researched post on the paystub. You have thoroughly explained each term on the pay stubs.
Thanks for sharing this with us.
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