A pay stub, paystub, payslip, or sometimes paycheck stub is a document that an employee receives either as a notice that the direct deposit transaction has gone through, or as part of their paycheck. Typically a pay stub will detail the gross income and all taxes and any other deductions such as retirement plan contributions, insurances, garnishments, or charitable contributions taken out of the gross amount to arrive at the final net amount of the pay. Employment is a contract between two parties, one being the employer and the other being the employee. ... Direct deposit is a process where someone who is going to be paid on a recurring basis, such as an employee, or a recipient of a government entitlement or benefit program such as social security is sent the payment owed to them into their checking or savings account. ... A paycheck is traditionally a paper document issued by an employer to pay an employee for services rendered. ... In the United States, payroll tax is tax that pays for two social insurance systems: Medicare and Social Security. ... A retirement plan is an arrangement to provide people with an income, or pension, during retirement, when they are no longer earning a steady income from employment. ... Insurance, in law and economics, is a form of risk management primarily used to hedge against the risk of potential financial loss. ... Garnishments are the payments that are garnished from an employees check as a result of a court order. ... A charitable trust is a trust organized to serve private or public charitable purposes. ...