Reading a military pay stub is important because you need to be sure of what you pay from your salary as tax and what is available for you. Also, taking your spouse through the military pay stub is crucial so that s/he can also be able to understand it even when you are not there to explain. If you have ever chased a paycheck you can be sure there is no part of the process that is complex like reading the military pay stub. After realizing many people are asking about how to read these lines in a military paystub we have decided to discuss some of the things that you should know when reading a military pay stub. Find the things that are included in the military paystub that you should focus on.
The first item is about personal information. In the personal information section, you will have to provide your complete names, your social security number, and your paygrade. Before you are done with this part of personal information you will be required to indicate your branch of service and the terms of service. This information will help you to know your pay period and the deductions from your income.
Retirement and other deductions are the next part of the military pay stub. In this part you will see things like taxes, social security benefits, allotments, entitlements, and other deductions. Check out this part for your retirement plan.
The other part is about to leave information. You will view here for more info about your total leave days, your previous leave, your current leave, and the number of leave days you have. It’s also possible to lose your leave if you don’t use it and all that info you will find it by click here.
Federal tax is the other sector you will come across in a military pay stub. Click for more here to know about your marital status, fiscal year pay, and also any exemptions made from your pay. The same part will guide you to know how much you have lost to the tax for the time you have been working.
There is also a part that talks about the federal insurance contributions act. This part is very important to help you know what is deducted from you to the FICA and other insurances like Medicare.
You will also come across a field of state tax. By going through this part of the military paystub you will realize about tax information and the period you will be paid. The total paid to rental housing is the other thing to view here.
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