What does YTD mean on a pay stub?

YTD on a pay stub means Year-to-Date; this is the amount of funds a company has spent on their payroll since the start of the fiscal or calendar year and up to the current payroll date.

To calculate YTD, a company must consider its employee's gross income; this is the amount earned by an employee prior to subtracting taxes and deductions. In certain cases, YTD may also include the amount of money a company has paid to independent contractors or freelancers.