Thread regarding Verizon Communications Inc. layoffs

Is vacation payout taxed also?

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| 742 views | | 4 replies (last January 8, 2016) | Reply
Post ID: @OP+FlelVk4

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Taxed at the supplemental tax rate of 25% on a federal level, then add FICA, Medicare, and State taxes. Mine was taxed around 37% in total. However, depending on how much you make this year, you may get a good portion of that back when you file taxes next year.

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Post ID: @jzl+FlelVk4

Mine taxed at more than 30%

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Post ID: @doo+FlelVk4

Yes, completely

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Post ID: @xkh+FlelVk4

Yes, of course!

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Post ID: @ayk+FlelVk4

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