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redi4fun
10-09-2007, 04:49 PM
subject to taxes in the state of California?:confused:
Any info appreciated? I know there are some human resource experts in here.
HokeySon
10-09-2007, 05:01 PM
subject to taxes in the state of California?:confused:
Any info appreciated? I know there are some human resource experts in here.
yes
DSW
10-09-2007, 05:02 PM
Isn't everything subject to taxation in the Peoples Republik of Kalifornia?:D
Havasu_Dreamin
10-09-2007, 05:02 PM
Absolutely...
ULTRA26 # 1
10-09-2007, 05:08 PM
Without doubt, yes.
redi4fun
10-09-2007, 05:10 PM
Absolutely...
I figured as much. It is just weird that some employees were paid their full severance and others got taxes witheld.
Could not find a specific link to any laws concerning this issue.
KahunaJuice
10-10-2007, 03:44 AM
subject to taxes in the state of California?:confused:
Any info appreciated? I know there are some human resource experts in here.
Why would it not be, it is pay, isn't it?:D :D :D :D
KLEPTOW
10-10-2007, 03:55 AM
Usually depends on how the word the benefit package.
i.e. If the package says 1 week for every year worked, then it's earned income and should be taxed, If worded as a gift then they can tax it or not.
2Driver
10-10-2007, 07:02 AM
Severance pay, just like vacation pay or regular pay, is compensation and is taxed.
However, all the stuff you steal from your office on the last day is exempt. :D :D
HokeySon
10-10-2007, 07:35 AM
However, all the stuff you steal from your office on the last day is exempt. :D :D
yup ... that is the law!!!:D
Dave C
10-10-2007, 08:17 AM
LOL non-taxable fringe...:D
yup ... that is the law!!!:D
hkunz
10-10-2007, 01:15 PM
Democrats - check
Taxes - check
Any more questions?