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A wage statement or pay stub summarizes the amount of money you earned and the deductions your employer withheld from your paycheck.
A wage statement (sometimes called a pay stub) is a document employers give their employees every pay period that explains how their paycheck was calculated. ?1 California has specific laws that govern the information that employees are entitled to receive when they are paid.
1. Minimum frequency and full payment. At regular intervals not to exceed 16 days, every employer must pay in full all wages earned by each employee, except members of the family of the employer and salaried employees. Each payment must include all wages earned to within 8 days of the payment date.
IRS Form W-2, also known as a ?Wage and Tax Statement,? reports an employee's income from the prior year and how much tax the employer withheld.