1. Synonyms beguiling, cagey (also cagy), crafty, cunning, cute, designing, devious, dodgy [ chiefly British ] , foxy, guileful, scheming, shrewd, slick, sly, subtle, tricky, wily.
NOTE: An individual who receives remuneration in lieu of notice for a period of less than a calendar week may be eligible for partial unemployment benefits for such week. âSeverance pay,â if paid within the context of contractual obligation or by custom, is a taxable fringe benefit under Administrative Code 12:16-4.3. It is subject to state unemployment, temporary disability, workforce development and family leave insurance contributions. However, severance pay is not considered wages earned when calculating unemployment benefits for claimants. âContinuation payâ is also known as sick leave pay. Continuation pay is considered wages and is taxable under Administrative Code 12:16-4.2. It is subject to state unemployment, temporary disability, workforce development and family leave insurance contributions.
One other caveat: Pay attention to the new tax laws. Tax brackets and income limits of those brackets have changed, and you could be the worse for it. Before going to great lengths to avoid receipt of the severance pay this year, you should determine your likely 1991 tax bracket.Preliminary estimates from tax experts peg the 28% tax bracket for couples filing a joint return at $34,000 to $82,100 adjusted gross income.ax brackets and income limits of those brackets have changed, and you could be the worse for it. Before going to great lengths to avoid receipt of the severance pay this year, you should determine your likely 1991 tax bracket.