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Paycheck vs. Payslip — What's the Difference?

Paycheck vs. Payslip — What's the Difference?

Difference Between Paycheck and Payslip

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Compare with Definitions

Paycheck

A paycheck, also spelled pay check or pay cheque, is traditionally a paper document (a cheque) issued by an employer to pay an employee for services rendered. In recent times, the physical paycheck has been increasingly replaced by electronic direct deposits to the employee's designated bank account or loaded onto a payroll card.

Payslip

A note given to an employee when they have been paid, detailing the amount of pay given, and the tax and insurance deducted.

Paycheck

A check issued to an employee in payment of salary or wages.

Payslip

A small document, included with an employee's wage or salary, giving details of money earned and tax and insurance paid.

Paycheck

Salary or wages
The new appropriations bill could mean a larger paycheck for state employees.
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Payslip

A slip of paper included with a person's salary payment, that records how much money the person has earned and how much tax or insurance etc. has been taken out.

Paycheck

(US) Money received on payday as payment for work performed.
He was delighted after getting his first paycheck, but subsequently blew it all on the horses.

Payslip

A slip of paper included with your pay that records how much money you have earned and how much tax or insurance etc. has been taken out

Paycheck

A check issued in payment of wages or salary

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