Explain whether severance pay is taxable and why or why not.

WEEK 4 ASSIGNMENT 1 – LEARNING ACTIVITY: CREATING A SEVERANCE PACKAGE
Completing this activity will help you prepare for the upcoming assignment in Week 7. Focus on content, not formatting. Your paper should be no more than two pages in length.For this activity:
Create a severance package for a separated employee in a fictitious company that includes position differences, years of service, actual compensation amounts, and any additional benefits.
Explain whether severance pay is taxable and why or why not.
Create a chart depicting a fair and equitable timeline for disbursement of the compensation.
Use Microsoft Word or an equivalent application, such as OpenOffice.
Cite one or more credible, relevant, and appropriate sources that support creation of a severance package.
Consider beginning with your course textbook and sources that can be found in the Strayer Library.
For help with research, writing, and citation, access the library or review library guides.
Remember to choose a mentor and complete at least one mentoring session to receive points for your participation in the Career Mentoring Program.For this activity, submit a written summary of your mentoring experiences to date. If you have not yet completed a mentoring session, outline the steps you have taken to find a mentor and schedule a meeting.
CAREER RESOURCES
Strayer University Career Center.
If you have a resume: Access the VMock Resume Review Tool.
If you need to create a resume: Use Sample Resumes or find a template using Microsoft Word, go to File, New, and enter “Resume” in the search box to select a template.
5 Free Ways to Build Your Personal Brand on LinkedIn.
MULTIMEDIA
LinkedIn for Students.
Learning LinkedIn for Students: Tap Into the Power of LinkedIn.
Finding a Job: Writing a Resume.
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