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    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 .
      • For help with research, writing, and citation, access the or review .

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