Search for severance pay - lump sum or payroll

FAQ Matches (2)

Severance pay
Employment law FAQs, forums, questions, answers and resources from attorneys representing individual employees across the United States

Tax Issues in Settlements
General legal information about the U.S. taxation of income received as severance pay or the settlement of an employment law claim.

Articles (102)

Severance Pay can reduce Ohio Unemployment Compensation Benefits
Severance pay in Ohio can reduce or eliminate an employee's unemployment compensation benefits for the weeks that the severance pay is received. If an employer pays severance pay in a lump sum, the Oh... applies to Ohio

Closing the Severance Pay Negotiation with Non-economic Terms
The amount of severance that an employer is willing to pay an employee, though usually the single most important item addressed in severance negotiations, is only one severance issue. Additional issue... applies to All States

Severance Package
A severance package describes the pay and benefits an employee receives when involuntarily separated from a company. Severance packages are voluntary in the United States, so employers do not have a l... applies to All States

List of Employment Law FAQs
Non-competition Severance pay Retaliation Sexual harassment Family leave Discrimination Wrongfully accused Overtime Tax Issues in Settlements Healthy Families Act Smoke free workplace Ohio non-compete... applies to All States

Employee Benefits Overview
As a result of the employment relationship, employees are entitled to certain benefits, such as retirement and disability compensation, as a matter of law. In addition, once an employer decides to off... applies to All States

Questions and Answers (4,658)

Lump sum Separation pay received 2 months after Michigan unemployment claim filed.
My employment ended mid October. I was told by payroll to file for unemployment right away, but waited to file the following week since I received my final pay Friday of the same week employment ended... applies to Michigan · 0 answers

Received severance lump sum, TN, denied unemployment. I am awaiting an appeal hearing as I understand the law states if it is a lump sum payment then its not distributed, it was taxed at the gift tax rate, will I win an appeal?
Separation letter states severance pay, severance agreement states lump sum payout taxed at 22%. I was denied unemployment and I have appealed. Doesn’t the law state if it was a lump sum and not dis... applies to Tennessee · 0 answers

In Florida, how does unemployment work after receiving lump sum of severance?
I am in Florida. I was laid off and given a severance package for 3 months to be paid out biweekly. It has been paid out bi-weekly until 1/15 when the company decided that it would pay out the remaini... applies to Florida · 2 answers

Do i qualify for unemployment with a lump sum severance in Indiana?
Hello - I received a lump sum severance package in Indiana due to reorganization/buyout at my company. I was told to go ahead and apply for unemployment.... they gave it to me...and now they are askin... applies to Indiana · 0 answers

What goes on line 8, Section 2 if one lump sum?
On FL U.I. Online- line 8, Section 2 it asks for dates covered in severance (a required field ), the payout will be a one-lump sum. We have not sent in the signed severance packet because we needed ti... applies to Florida · 0 answers