CREATING A SEVERANCE PACKAGE

WEEK 4 ASSIGNMENT 1 – LEARNING ACTIVITY: CREATING A SEVERANCE PACKAGE
Week 4 Assignment 1 – Learning Activity: Creating a Severance Package
Completing this activity will help you prepare for the upcoming assignment in Week 7. Consider this a practice assignment and 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 (Company ABCD is my company) that includes position differences, years of service, actual compensation amounts, and any additional benefits.
Explain whether severance pay is taxable (it is taxable, any additional earnings is taxable – KS) 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.