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How to Handle Paying a Terminated Employee
It is a situation that no one wants to face, whether you’re being terminated, or you have to let someone go. Unfortunately, sometimes companies must downsize. When this happens, employees that are fired have specific rights regarding their pay, and these vary by state. Usually this variance dictates the time frame an individual must receive payment in, once they have been terminated. It is also important to note that in most states, payment requirements differ if an employee quits.
It is a situation that no one wants to face, whether you’re being terminated, or you have to let someone go. Unfortunately, sometimes companies must downsize. When this happens, employees that are fired have specific rights regarding their pay, and these vary by state. Usually this variance dictates the time frame an individual must receive payment in, once they have been terminated. It is also important to note that in most states, payment requirements differ if an employee quits.
To see your states requirements, click here and select your state!
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These free resources should not be taken as tax or legal advice. Content provided is intended as general information. Tax regulations and laws change and the impact of laws can vary. Consult a tax advisor, CPA or lawyer for guidance on your specific situation.
