Use Microsoft Word or an equivalent application, such as OpenOffice

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