Year-to-Date (YTDs) are required for record-keeping, calculations of tax obligations, and providing accurate tax documents at the year-end to employees. Year-to-date (YTD) is cumulative earnings accrued from the beginning of the year (January 1st) to the current date of the payroll. The pay stubs keep track of various YTDs like regular earnings, withholdings and other deductions along with gross pay and net pay.
Visit https://www.123paystubs.com/resources/understanding-and-calculating-year-to-date-in-payroll to know more.
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