Vacation Lump Sum Deferral Explanation - Payroll Services
Vacation Lump Sum Deferral Explanation Will my lump sum vacation payout be subject to taxes even if I want to have it tax deferred? If so, how much can I defer and what are the tax consequences? Yes. Under IRS rules, lump sum payments are considered supplemental wages and are ... a net pay of $5.00 is computed to allow for any unforeseen ................
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