Homework: Creating a Severance Package
Consider this a practice homework and focus on content, not formatting. Your paper should be no more than two pages in length.
For this activity:
1. 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.
2. Explain whether severance pay is taxable and why or why not.
3. Create a chart depicting a fair and equitable timeline for disbursement of the compensation.
• Use Microsoft Word or an equivalent application, such as OpenOffice.
4. Cite one or more credible, relevant, and appropriate sources that support creation of a severance package.
Format your homework according to the give formatting requirements:
• The answer must be using Times New Roman font (size 12), double spaced, typed, with one-inch margins on all sides.
• The response also includes a cover page containing the student's name, the title of the homework, the course title, and the date. The cover page is not included in the required page length.
• Also include a reference page. The references and Citations should follow APA format. The reference page is not included in the required page length.