Severance package | Management homework help

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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 that includes position differences, years of service, actual compensation amounts, and any additional benefits.
  • Explain whether severance pay is taxable 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.
    • For help with research, writing, and citation, access the library or review library guides.