Technically, yes, but they are equally as important and are often combined together as most states require employees to receive pay stubs. Pay stubs are critical for personal auditing and are helpful when completing year-end tax forms. A pay stub often includes:
Gross pay
Take-home (net) pay
Hours worked
Tax information (Federal and state income taxes, local taxes, Medicare/Social Security taxes)
Wage garnishments
Benefit deductions
Year-to-date totals
Paid time off (PTO) accruals