ELI5: Explain Like I'm 5

Pay stub

Okay kiddo, have you ever heard of a pay stub? It's a special piece of paper that tells you important information about the money you earned from your job. Let me explain it to you in a way that's really easy to understand.

When you do a job and get paid for it, your employer will take some money out of your pay to give to the government. This money is used to pay for things like schools, hospitals, and things that help keep our country running.

Your pay stub will show you how much you earned for your job, how much money was taken out for taxes, and how much money you got to keep. It will also show you other important information like the number of hours you worked, how much money you made per hour, and other deductions like health insurance or retirement savings.

So, basically, a pay stub is like a report card for your paycheck. It tells you how much money you made, how much money you paid in taxes, and other important information about your pay. It's a handy piece of paper that helps you understand your earnings and make informed decisions about your money.