First Funding Blog

Paystub

A paystub, pay slip, pay advice, paycheck notice, or payroll earnings statement is a document produced by the borrower’s employer and provided to the borrower that evidences the borrower’s income. Paystubs typically detail the gross income and all taxes and other deductions, such as retirement plan contributions, insurance, garnishments, or charitable contributions taken out of the gross amount for the current pay period. Paystubs generally include year-to-date earnings.