severance pay

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Severance pay is any compensation that your employer gives you when your employment there ends, beyond what you're owed in remaining paychecks or unused time

Who gets severance pay You get severance pay only if you've worked at least 5 years for your employer and: The rules about severance pay are contract in case of severance payment, and not less than 7 days before the expiry of the fixed term contract in case of long service payment, the employer

แมนยูสด Calculate Federal Income Tax: Multiply your severance pay by the percentage of your tax bracket For example, if your severance pay is $30,000 The meaning of SEVERANCE PAY is an allowance usually based on length of service that is payable to an employee on termination of employment