Supreme Court: Severance Payments Are Wages Subject To FICA Taxes
By EsqSocial Corporation 27/03/14
On March 25, 2014 the U.S. Supreme Court unanimously held that a certain type of severance payment known as supplemental unemployment compensation constituted “wages” subject to Federal Insurance Contributions Act (FICA) payroll taxes. The Court’s...
By: Fisher & Phillips LLP