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Supreme Court Says Severance Payments Are FICA Taxable Wages

  • Posted
  • Apr 16, 2014
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Supreme Court Says Severance Payments Are FICA Taxable Wages

On March 25, the U.S. Supreme Court ruled unanimously that severance payments are taxable wages under the Federal Insurance Contributions Act. Read a comment on the decision by APA’s tax counsel. U.S. v. Quality Stores, Inc. APA, Payroll Currently, April 2014 Issue. 

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