Which of the following is a record showing amounts earned and withheld from an employee’s wages?

The correct answer is the Paycheck Stub, which provides a detailed record of an employee's earnings for a specific pay period, as well as any deductions or withholdings from their wages. This document typically includes information such as gross pay, net pay, tax withholdings, insurance deductions, and contributions to retirement plans. The paycheck stub serves as a vital tool for employees to understand how their earnings are calculated and what amounts are deducted for taxes and other benefits.

Understanding the elements presented in a paycheck stub is crucial for employees as they can verify that the correct amounts are being withheld and ensure they are receiving the proper compensation for their work. This promotes transparency and allows employees to maintain accurate records for tax purposes.

In contrast, a Payroll Summary typically provides an overview of payroll information for a group of employees rather than individual details. The Pay Statement may refer to various documents that indicate what an employee is entitled to receive, but it does not specifically emphasize amounts earned and withheld. An Allocation Sheet is often used for internal purposes to track how resources are distributed rather than detailing employee earnings and deductions.