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HRM530-Creating a Severance Package

Consider this a practice assignment and focus on content, not formatting.For this activity:Create a severance package for a separated employee in a fictitious company that includes position differences, years of service, actual compensation amounts, and any additional benefits.Explain whether severance pay is taxable and why or why not.Create a chart depicting a fair and equitable timeline for disbursement of the compensation.Use Microsoft Word or an equivalent application, such as OpenOffice.Cite one or more credible, relevant, and appropriate sources that support creation of a severance package