QUESTION
Plant is closing and i will be recieving a severance pay for my days of service, what is the taxable porcentage that I will have to pay ?
Asked on Nov 19th, 2014 on Taxation - Georgia
1 ANSWER
4 Awards
There's not a set answer for this question, because the tax rate you will pay on the severance pay will depend on your other taxable income for the year. The best suggestion I can give you is to consult a good tax-focused CPA.
Answered on Nov 19th, 2014 at 12:12 PM
This answer is being provided as general information and not as legal advice. No attorney-client relationship is created by this answer.