Pay stub

Pay Stub

A paystub is a document provided to an individual by his or her employer and is often required by a lender in addition to a job letter and/or other income verification.  A paystub is generally used to prove that the applicant is still actively employed by the employer since a job letter may be one or more weeks old.  In addition, the paystub can be used to ensure that the applicant’s earnings on the job letter are accurately reflected in the year-to-date section of the paystub.

For example, if the job letter indicates that the applicant earns $60,000 per year and the paystub is obtained precisely at the middle of the year, it should indicate a year-to-date income of $30,000.

The following figure is a sample of a paystub.

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