What would you like to do?

Does severance pay count as earned income in determining unemployment compensation in Pennsylvania?

already exists.

Would you like to merge this question into it?

already exists as an alternate of this question.

Would you like to make it the primary and merge this question into it?

exists and is an alternate of .

If the amount is reported on the W-2 form in box 1 yes.
Thanks for the feedback!

Can you contribute to a Roth IRA if you accept unemployment compensation when your income for the year is in severance and vacation pay?

  Yes, that income is all the same as "working" income...vac pay and severance in particular...just paying you for services performed already.   Why you would pick a Ro

Can you collect unemployment after your severance pay?

Yes, you can still collect unemployment benefits after receiving severance pay. These 2 benefits are separate and distinct from the other -- severance pay is the considerati

Does severance pay make me eligible for unemployment in Pennsylvania?

The fact that you received severance pay, in itself, does not make you eligible for unemployment benefits. There are many reasons a person receives severance, including volunt

Are unemployment benefits earned income?

Unemployment benefits is considered unearned income. You get the benefits based on earned income. Since you are not working, it is not earned income.

Does unemployment compensation wages affect earned income credit on your taxes?

Yes, it can. However, it cannot help you, only hurt you. First of all, for 2009, the first $2,400 of unemployment compensation is not taxable, so it doesn't affect your taxes

Does severance pay count towards social security income?

The simple answer is no. This was taken directly from the Social Security Website... "After you retire, you may receive ­payments for work you did before you started getting

Do taxpayers pay for unemployment compensation?

In the US, the employer pays a payroll tax to the state, which in turn pays unemployment benefits to workers who qualify In Canada this is funded by the working people of Cana

Do employers pay into unemployment in Pennsylvania?

Employers pay a percentage of the first $8000 of an employee's pay. The percentage is based on the company's claims record and on the state's record of employment, depending o