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

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If the amount is reported on the W-2 form in box 1 yes.
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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 Roth I'm no

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

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 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 gettin

What determines unemployment compensation?

For Canada, its a percentage of insurable hours you've worked per lifetime In the US, each state determines it's own criteria for receiving benefits. In general, you have to