Description: The following article mainly introduces something about the employee paycheck stubs portal and several rules about how to get employment verification back.
We are going to look at some paycheck stubs. Now we have looked to add tons and tons of employment verification, sometimes we go ahead and use paycheck stubs in some states. Now we’re allowed to go directly to the paycheck stubs, which is fantastic, all states are not there yet. So we are still sending out those and put employment verification in a lot of places.
If you are not able to get the employment verification back within two reasonable tries, you can go directly to your paycheck stubs. Also, if the employer is using work number and you are not a property that pays for that service, you can clarify to that as well, and go ahead and use this your your paycheck stubs.
Paycheck stubs are easy, they’re wonderful to use because you have to follow a couple of rules. They have to be consecutive, and then you have to have at least six of them, so that’s what we require from an aspen perspective on our compliance side.
So let’s take a look first, at that first rule and make sure all of our paycheck stubs are consecutive, so we want to look at the beginning period, the ending period, the advise date. Don’t worry about that, all that means is the date that the check was cut, what we want to know is when and what amount of time with this does paycheck covers, so we are going to look at 428 – 511.
So we’re going to want our next paycheck to start on 512 as a beginning day. So we have 512 – 525 paycheck stub number, so we’re going to want paycheck stub number three to start on 526. So we’re looking for 6:9, we’ve got it 622, all right. Welcome for 623 to 706 and that is going to be our fifth paycheck stub, we want our next one to be 707 – 720.
We have six consecutive paycheck stubs that were provided from our applicant. The next rule is that we have to do an average, so we are going to take a look at gross pay. I did go ahead and circle this and write it in, because when it scans in, it can be a little bit fuzzy, so I like to do that.
So we’re just going to do a simple tape with an average ,so nine ninety one and somebody six cents and plus. So you’ll have a tape, that is keeping a calculation. I’m going to demonstrate what you will be doing.
We’re going to keep moving along here at our gross number eight thirty nine ninety six clean, it’s 7032. right and 728 64. I get one more left here at 556 60. great, so that total is going to equal four thousand seven hundred ninety six dollars and eighty-eight cents, so whenever you do in an average, you want to total the six of the total to six paychecks.
And you’re going to divide it by six to come up with your average. If anybody has any questions about this, we have an Excel spreadsheet that is available on SharePoint that you can use, where you can put all the numbers in, it will do it for you.
Some people prefer to do a quick tape on us, either way is perfectly fine. So when we divide that by six, we are going to come up with seven hundred and ninety nine dollars and forty eight cents.
So we are going to take a look at these dates and is from 428 to 511, so that definitely looks like a two-week period. I like to hurry and check the next one to make sure they don’t get paid, maybe on the first and the fifteenth or the exact same days every month.
So the 12th of the 25th, this is definitely a biweekly pay, so they get paid every other week, so that’s the second thing that we needed to know about this paycheck stub. The other thing that you’re going to make sure that you take a look at is to see if there are any deductions that could be an asset, there’s a life trust coming out of here and it’s a dollar forty.
I would be taking a look at the application, and have any conversation with your applicant and just make sure that they’re also declaring these types of things on their application. And if it’s over $5,000, you will need to verify what these things are and how much and what the balance is.
So we are going to move along here, so this is bi-weekly, we have our average. The last thing that we’re going to do in this particular state, so you’re always going to take your year-to-date from your very last paycheck.
Because that is going to give you your highest number and incorporate as much as possible. If there were any kind of tips or overtime or anything like that, there’s a little bit of overtime here. We don’t need to calculate this separately, because these gross numbers include all of those in our averages.
So all we have to do is to go straight to our year-to-date here at the 12 622 and 89 cents. The other thing that we’re going to do is that we have to determine when or how many weeks this is made up of.
They were taking a look at the last paycheck and they were giving us this number, and then giving us as of this date. Now we’re doing the same thing, so we don’t want to use the advice date. We want to use the period, end date of the last check, so this is the year to date as of 720 2014.
We are going to put the start date as 1 1 14, this is a certification, so we’re always going to use the certification tape versus a move-in date. You can use the date, the actual date calendar, date you’re working on, so the source of this income was q4 s and this is a non-federal wage, lost it for a minute there.
We’ll go straight to our income calculator and we did determine our year-to-date salary was twelve thousand six hundred twenty two dollars and 89 cents. And we did determined that it was in twenty nine weeks based on our calendar, so we are going to put twenty nine weeks.
Since we did a tape, we are going to use other and we’re going to use that average that we came up with for the paycheck, so it was $7.99, take a look at our account or calculator $7.99 and 48 cents was our average of all these six paychecks $7.99 and 48 cents.
So we’re going to hit save, that’s how you use paycheck stubs versus using the employment verification. So one other thing I want to point out here is that if you are in a state that does require you to use that employment verification first, you need to document as to why you went ahead, and use the paycheck stubs instead.
So you are going to make sure that you have the clarification in there, please clarify why using paycheck stubs, please see facts, they use the work number, we do not pay for that service and she did include a very nice fact here from the company on their letterhead, which states we do not verify employment office.