A wage statement is a breakdown of a worker’s earnings during a specific pay period, notes Zacks Investment Research. The statement contains information such as gross wages, pay rate, work hours, year-to-date earnings and deductions. Most states require businesses to supply statements each time they pay employees.
Wage statements help employees to determine if they were paid correctly, explains Zacks Investment Research. As of 2015, Arkansas, Florida, Louisiana, Mississippi, Nebraska and South Dakota do not require employers to give out wage statements. In Virginia, these statements are only required upon request. The year-to-date data on the last wage statement of the year should match the annual W-2 form.