payslip

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payslip

An employee receives their payslip at the end of the month.

Definition

Noun: A document, typically a small piece of paper or a digital record, provided by an employer to an employee. It details the amount of money earned for a specific pay period and lists the deductions taken from the gross pay, such as taxes, insurance premiums, and retirement contributions.

Usage

A payslip is given to an employee each time they are paid (e.g., weekly, bi-weekly, monthly). It serves as an official record of earnings and deductions for that period. - Employees should check their payslip carefully to ensure all hours and deductions are correct. - The human resources department can explain any item on your payslip that you do not understand. - Always keep your payslips as they may be needed for loan applications or tax filings.

Examples
Advanced Usage
  • Digital/Electronic Payslip: A payslip provided in a digital format (e.g., PDF, through a company portal) instead of a physical paper slip.
    • Most companies now issue digital payslips to reduce paper waste.
  • Itemized Payslip: A payslip that provides a very detailed breakdown of each earning type and deduction.
    • The new payroll system generates a fully itemized payslip.
Variants and Related Words
  • Pay stub (noun): A common synonym for payslip, especially in American English.
    • My pay stub shows my year-to-date earnings.
  • Wage slip (noun): Another term for payslip, often used in British English.
  • Earnings statement (noun): A more formal term for a document detailing pay and deductions.
Synonyms
  • Pay stub
  • Wage slip
  • Earnings statement
  • Salary slip
Related Phrases
  • To check one's payslip: To review the payslip for accuracy.
    • It is important to check your payslip every pay period.
  • Payslip envelope: (Historical) The envelope that contained a paper payslip and sometimes the cash or cheque payment.
    • Employees would find their cash in the payslip envelope.
payslip

An employee receives their payslip at the end of the month.

Noun
  1. a slip of paper included with your pay that records how much money you have earned and how much tax or insurance etc. has been taken out