It only shows the amount I recieved for pay. I am preapproved for a car loan and the dealer and company require me to submit a recent paystub to verify employment. If I give them my paystub but doesnt show taxes, number of hours worked, etc. would this present a problem to the ccccpany/dealer in terms of denying me the loan. Or would they require me to authorize them to ontact my employer to verify emploment. Please help since I need to get a car soon. Thanks..
2007-10-31 23:17:46 · 3 answers · asked by Anonymous in Business & Finance ➔ Taxes ➔ United States
Are they actually taking out taxes, or is your check for the full amount that you earn, without anything subtracted? If you get the full amount, they're paying you as a contractor and you need to make quarterly payments for the tax you'll owe at the end. Depending on what your job is, it might or might not be legal for them to do it that way.
If they are taking taxes out, then they are required to give you a detailed breakdown with each paycheck of what was deducted.
In either case, taking in your paystub to the lender should be OK.
2007-11-01 03:34:31 · answer #1 · answered by Judy 7 · 0⤊ 0⤋
Did your employer withhold income taxes and social security and medicate taxes. If not, you may be an independent contractor. Talk to your employer and ask them about it. If they made any deductions, they are required to give you a complete pay stub.
However, you can show your pay stub to the dealer and they can call your employer and ask if you are legitimate. Of course it would be better if you go there with a complete pay stub.
2007-10-31 23:24:24 · answer #2 · answered by Anonymous · 0⤊ 0⤋
Ask your payroll department, or whoever deals with your wages to give you a full pay slip with hours and deductions on it - simple! You should be entitled to a proper pay slip anyway.
2007-10-31 23:20:36 · answer #3 · answered by Anonymous · 0⤊ 0⤋