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W2 Question with Severance
My ex-employer paid me a severance vis the normal pay periods after I was laid off. However, my W2 does not report the payments. For example, let's say I made $20,000. I was laid off. They paid me an additional $20,000 in the normal weekly paychecks after being laid off and took out state and federal taxes. The wages/tips (Box 1) of the W2 does not reflect the $40,000 total. Should it or should only the other tax boxes reflect the taxes taken out of the total $40,000?
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March 13, 2020
11:40 AM