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. It’s also good to teach your spouse how to read military paystub in case you are deployed so that s/he will not be left wondering what the lines mean. Reading a paystub is the most challenging part of cashing a paycheck and for that reason, you should make sure you read more here on how to read a military pay stub. We know many people have this challenge and that why we have dedicated our time to write this page so that you will know how you are expected to read a military pay stub. If you want to know more about military paystub check this page for more info.
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.
The next part is about retirement and other deductions. Read more here for your withholdings like social security benefits, allotments, deductions, and many others. In the same part you can learn more about your retirement plan.
The next part of the military paystub discusses information for leave. This section will help you to understand your leave status, the amount of leave you have taken, and also the amount of leave you have remained. Take your time in this part to learn more about the amount of leave you will lose if you fail to use it.
The federal tax is the other field that is important 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 importance of this part is that you can discover how much you have paid for the tax so far.
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. In this sector you will learn about your wage period, any exemptions made, and the total amount of tax you have paid. The total paid to rental housing is the other thing to view here.