How can I calculate my severance pay?
An example of an AI chatbot conversation about a severance pay calculator tool.
How can I calculate my severance pay?
You can use a severance pay calculator tool. Just provide your salary, length of employment, and any company policies.
What factors do I need to consider for the calculation?
Key factors include your salary, the number of years you've worked, and your company's severance policy.
Can you give me an example calculation?
Sure! If you earned $60,000 a year and worked for 5 years, with a policy of 2 weeks' pay per year, you'd get $30,000.
Is severance pay taxable?
Yes, severance pay is generally considered taxable income, so it will be subject to federal and state taxes.
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