Hi I have a question about a letter I received from my former employer.
"If you sign this document on or before XX XX, 2008, you will receive a payment of $XXX which represents two weeks severance and one week's pay per year of service, net of applicable taxes and deductions."
Does this mean $XXX is net of tax, or I will receive $XXX net of tax?
Is that not the same thing? You will receive the payment of these moneys which will be net of tax.