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Submitted By: Jean
Answered: September 16, 2016 1:19 pm
Answered: September 16, 2016 1:19 pm
Is my sick pay taxable?
Yes. Sick pay is treated as taxable compensation. It is reported to you on Form W-2.
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Tax Glossary
Defined contribution plan
A retirement plan that pays benefits based on contributions to individual accounts, plus accumulated earnings. Contributions are generally based on a percentage of salary or earned income.
