CALCULATOR · FREE免费 · Free
Severance Pay Calculator
Enter weekly pay, years of service, weeks per year and a cap to estimate severance weeks and amount. Severance is usually set by company policy or a separation agreement, not a single statutory formula.
--Severance weeks · weeks
--Severance amount · currency
Estimates only; verify on site before ordering or building.
Example
| Item | Value | Unit |
|---|---|---|
| Weekly pay | 2000 | per week |
| Years of service | 5 | years |
| Weeks per year | 2 | weeks/year |
| Cap in weeks | 52 | weeks |
| Severance weeks | 10 | weeks |
| Severance amount | 20000 | currency |
Where people go wrong
- Mixing PTO payout, bonuses and severance into one number.
- Ignoring caps, proration and how the termination date affects years of service.
- Skipping the release-of-claims terms and payment timing in the agreement.
FAQ
Is severance legally required?
US federal law generally does not require it; check company policy, contract, state law or a collective agreement.
Is severance taxed?
It is generally taxed as wages; withholding and reporting depend on how it is paid.