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A paycheck, also spelled paycheque, pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.
Weekly — 31.8% — Fifty-two 40-hour pay periods per year and include one 40 hour work week for overtime calculations. Biweekly — 45.7% — Twenty-six 80-hour pay periods per year, consisting of two 40 hour work weeks for overtime calculations. Semi-monthly — 18.0% — Twenty-four pay periods per year with two pay dates per month.
The pay scale was originally created with the purpose of keeping federal salaries in line with equivalent private sector jobs. Although never the intent, the GS pay scale does a good job of ensuring equal pay for equal work by reducing pay gaps between men, women, and minorities, in accordance with another, separate law, the Equal Pay Act of 1963.
Tax due as of the end of week 33 of the tax year is calculated on total pay from the beginning of week 1 until the end of week 33; tax payable for that week will be this total tax minus tax already paid. Quarter-To-Date (QTD) Month-To-Date (MTD) Year-ending Moving Annual Total (MAT)
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Stub, a tree cut and allowed to regrow from the trunk; see pollarding; Pay stub, a receipt or record that the employer has paid an employee; Stub period, period of time over which interest accrues which is not equal to the usual interval between bond coupon; Stub road, an unused road junction
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