Will the severance be taxed at a whoopin bonus rate of 30%?
7 replies (most recent on top)
Basically...was right under 30%
15% for me.
@Xqp is correct. HR withheld 22% on severance. An additional 7.65% is withheld to the extent you have not reached the FICA base of $137,700.
28% for me too
28% for me
22%
Nailed it!!!