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Taxation of Severance pay

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B

betm2001

Guest
Florida - is the taxation rate for severance pay 28% and can an employer arbitrarily change the rate.
 


T

Taxguy

Guest
>>is the taxation rate for severance pay 28% and can an employer arbitrarily change the rate.<<

*IF* you mean the withholding rate, ...its whatever the lump sum rate is these days, and I believe that's 28 %.
 
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