Paychex, Inc., a leading national provider of payroll and human resource services, has launched a unique online tool that can help employees of its more than 390,000 clients learn more about their paychecks and payroll withholdings. The "Anatomy of a Paycheck" presentation is a Web-based presentation developed which supports the efforts of the American Payroll Association to better educate workers about their paychecks through this week's annual celebration of "National Payroll Week."
"The 'Anatomy of a Paycheck' offers the employees of our clients easy access to important information," said Richard S. Warshof, area vice president of marketing and business development for Paychex. "Through Paychex's sponsorship and support of National Payroll Week, we share the ongoing commitment to help employees make sure their paychecks are working as hard as possible for them."
The "Anatomy of a Paycheck" offers examples and explanations of elements found on both the paycheck and earnings statement, or pay stub. The online presentation defines terms including total earnings, pre- and post-tax adjustments, and employee withholding taxes like Social Security and Medicare. It also provides a step-by-step demonstration of the calculations necessary to arrive at an employee's take home pay.
The "Anatomy of a Paycheck" has been launched in support of National Payroll Week, an annual event founded by the American Payroll Association to celebrate the partnership among millions of U.S. workers, their companies, and the payroll professionals that ensure that America's workers are paid accurately and on time. National Payroll Week is being observed September 2-6 this year.