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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
Simplified employee plan (SEP)
IRA-type plan set up by an employer, rather than the employee. Salary-reduction contributions may be allowed to plans of small employers set up before 1997.
