Severance Pay Estimator
Severance Pay
Free severance pay calculator
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Formula
Severance = (Annual Salary / 52) × Years × Weeks per Year + PTO Payout
Frequently Asked Questions
How is severance pay calculated?
Common formula: 1-2 weeks of pay per year of service. Executive packages may offer 1 month per year. Plus unused PTO payout.
Is severance pay taxable?
Yes, severance is taxed as regular income. It may push you into a higher tax bracket. Some employers offer lump sum vs. salary continuation.
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