TTU Payroll - Earning Statement Explaination

Sample Earnings Statement - Explanation of the terms involved on the statement.

	The terms/fields are explained as follows:
	Please hover-over the term/field. A box will pop-up on the side of the field explaining the term/field.

Sample Earnings Statement

TEXAS TECH UNIVERSITY/TEXAS TECH UNIVERSITY HEALTH SCIENCES CENTER PAYROLL EARNINGS STATEMENT

CHECK#	1112234	PYMT DATE	01/01/2001	PYMT AMOUNT	****1234.56

TID	123456	PERIOD END	12/31/2000	DISTRIBUTION	TTU Payroll Department

NAME	Doe, John	SERIAL #	97P001	ACCOUNT #	-

EARNINGS				NON-CASH TAXABLE EARNINGS
ACCOUNT	HOURS	TYPE	AMOUNT	TYPE	AMOUNT
		Earnings Types		Earnings Types
				TOTAL
		TOTAL		TAXABLE GROSS

PRE TAX	DEDUCTIONS		EMPLOYER PAID	CALENDAR YEAR TO DATE
PRE TAX	TYPE/COVERAGE	AMOUNT	AMOUNT	TYPE	AMOUNT
	Deduction Types
				FISCAL YEAR TO DATE
	TOTAL			GROSS RETIREMENT

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Mailing Address: Box 41092 Lubbock, Texas 79409-1092

Advice number of the Direct Deposit or Check number of the Payroll Check.

Pay date of the Check.

Net dollar amount of the pay Check.

Texas Tech ID or Social Security Number of the employee.

Last day of the Pay Period.

Location where employee receives payment.

Name of the employee.

Unique number of the processing cycle that printed the pay check.

Unused field by the Payroll Department.

Employee benefits that are considered taxable by the IRS.

The Texas Tech budget account # and name from which the employee is paid (an employee may be paid from several different 'accounts').

Number of hours reported by the employee via a time clock or REPORT OF HOURS WORKED FORM for an hourly biweekly pay period.

A short description of the type of payment (an employee may be paid several “types” of pay on one pay check). Click on the 'Earnings Types' in this column below for brief description of the codes.

The dollar amount of payment for an 'account' and 'type'.

A short description of the Non-Cash Taxable Earnings. Click on the "Earnings Type" below for more information on Non-Cash Taxable Earnings Types.

The dollar value of taxable benefits which is being added to the taxable cash earnings of this check for the calculation of taxes.

Total earnings considered taxable by the IRS. Computed by adding 'Total Gross (Earnings box)' and 'Total (Non-Cash Taxable Earnings box),' then subtracting 'Deductions' which are coded 'Y (Pre-Tax)' in the Deductions Box below.

A 'Y' in this column indicates deductions which are subtracted from earnings before taxes are computed.

A short description of taxes, insurance and other deductions being taken from the earnings; includes coverage level chosen for each benefit plan. See below for list of Deduction Types.

The dollar amount of the deduction being taken from the earnings; a total is shown at the bottom of the column.

The matching amount being paid by Texas Tech and not deducted from employee pay. The total dollar value of the benefit the employee receives from Texas Tech’s matching deduction is shown at the bottom of this column.

A list of selected earnings and deductions totals for the checks dated January 1 through December 31 of the current year.

A short description of the earnings or deduction type.

The dollar total for the calendar year.

Gross earnings and retirement for the fiscal year (September 1 through August 31), totaled as of the pay period end date for the pay check.

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