The Ultimate Guide to Businesses

The Ultimate Guide to Businesses

Reasons Behind Outlawing of the Fake Stubs

A pay stub is also known as a pay slip or a pay advice. A pay slip indicates the amount of salary that was deposited in an employee’s account. The stub contains the gross amount, deductions and the net amount. The main deductions on a stub are; insurance premiums, taxes, pension scheme deductions and the organization contributions. A stub may be used in taking loans, buying cars, renting real estate property and as a validation of payment.

Nowadays, a lot of businesses and companies upload the pay slips of their employees on the website so as to reduce paperwork. Today, we have many people who produce fake stubs. A fake stub is used in deceiving someone that you deposited some salary in his/her account. The following are reasons why it is illegal to come up with a fake stub.

Making a fake stub is a forgery. Forgery is unlawful. In order to have an exact but fake copy of an original stub, you must come up with ways in which you will be able to get the seals, stamps, and signatures needed. In order to get the stamps, seals and the signatures needed, one must liaise with the relevant officials. The officials may request for some amount of money which is bribing.

A fake pay slip will give false promises. Many banks, car dealers, and real estate investors ask for pay slips. Once a bank, car dealer or real estate investor realizes that you have provided a fake stub, he/she will deny you the loan, you will not own the car and the real estate property respectively. One may also be charged with forgery in a court of law. The financial, car and real estate businesses may also fall as a result of receiving fake stubs.

A fake stub can be used in soliciting favors. In order to win some people and get some favors, you may produce fake stubs and the people will believe you are rich. The fake stub may also be used to request loans from your friends and relatives.

Many fake stubs have improper figures and calculations. Since the people who produce fake stubs have little knowledge on the production of payslips, they will definitely do some miscalculations. On the fake stubs, incorrect words and improper placing of the decimal points are the major mistakes.

A fake pay slip may be used in refraining from the financial responsibilities. You can produce a fake stub to your family or friends and they will believe that you get a little income. Then you will be relieved the financial task.

These are the major reasons why the production of the fake stubs is illegal.

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