How to Read Your Military Paystub
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. The whole process of chasing a paycheck can be easy until you get to the section of reading the military paystub and this is the part that confuses many people. If you have ever had such a challenge before then this website will help you to know how you should read a paystub for your taxes. Find the things that are included in the military paystub that you should focus on.
You will have a section for 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.
You will also find a section on retirement and other deductions. Read more here for your withholdings like social security benefits, allotments, deductions, and many others. There is more to learn here about your retirement.
The next section 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. In this part, you will discover more about any exemptions that you have, your fiscal year pay status, and also marital status. 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. Here, you are exposed to the amount that you pay to the FICA and other insurances.
State tax is the other part of the military pay stub. In this sector you will learn about your wage period, any exemptions made, and the total amount of tax you have paid. You can also find out if you click here what goes to rental housing.