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How to Read Your Military Paystub
Being able to read a military pay stub is very important because you will be able to understand the amount you take home and what is cut for your tax. 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. 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. You can get more details about paystub reading on this website.
The first item is about personal information. Some of the things that you are supposed to fill here includes your complete names, your social security number, and pay grade. 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. Through this part, you can know what you expect as your income and what you expect to be deducted from your payment.
You will also find a section on retirement and other deductions. In this part you will see things like taxes, social security benefits, allotments, entitlements, and other deductions. In the same part you can learn more about your retirement plan.
The next section is about to leave information. In case you don’t utilize all your leave days you will find more info here telling you the amount of leave that you will have lost.
There is also a part of the federal tax. Check this part to find out about your fiscal year pay, your marital status, and marital status. The importance of this part is that you can discover how much you have paid for the tax so far.
Then you have the federal insurance contribution act. If you want to know how much you pay to the FICA and Medicare or any other insurance you should check it here.
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.