The paycheck is one of the most basic forms of monetary compensation for work. It originated in the 19th century and has stayed essentially the same since then. The paycheck gives workers a sense of security and independence: they can plan ahead and save for retirement, buy homes, and take care of their families without having to wait on anyone else.
The word "salary" is derived from the Latin word "salarium" or salt money, which was used to pay Roman soldiers. Many people are familiar with their paycheck due date as they are paid biweekly, monthly, weekly, etc. A person may have questions about how payroll taxes are calculated on their paycheck. It is also worth mentioning that the IRS requires employers to withhold federal income tax with each paycheck.
There are many myths surrounding the topic of paychecks. As a result, many people are uncertain about what to do when they receive their pay. It is important that you understand that all employees are entitled to a paycheck every two or four weeks, no matter what position they hold. The employee should be paid at least once per month for each full week worked. A paycheck should be expected by an employee after one week of work.
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