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WWW.boyzunderthehood.com *Also on Facebook* MONTHLY NEWSLETTER JULY 2015 R D E T L T N B T O F W E A H E F L T O P N I A M O G U P O K O E Y P U W E A H R L L D O I R D N I V O E N I L N T O S E R

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What is o w d?

OWD stands for Other Wage and Deduction statement. It is a form that includes information on any earnings and deductions that are not captured on a regular pay stub.

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Employers are required to file o w d for their employees.

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The purpose of o w d is to provide employees with a detailed breakdown of their earnings and deductions, outside of what is typically provided on a pay stub.

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Information such as bonuses, commissions, and other types of earnings, as well as deductions for items like health insurance premiums or retirement contributions, must be reported on o w d.

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