A pay stub is a piece of paper workers get along with their salary which explains their money coming in and going out. It usually has gross pay, i. e. total earnings before subtraction of costs, and net pay, the amount finally received. Some deductions commonly displayed are taxes, insurance, and retirement contributions. Besides that, it can state working hours, pay rate, bonuses, and overtime. On the other hand, a pay stub usually shows year-to-date totals, so employees can monitor their income and deductions throughout the year. Besides that, this document comes in handy for budgeting, payment checking, and keeping accurate financial records.