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Kim Massung <br /> Severance Pay Calculation <br /> DESCRIPTION HOURS RATE SEVERANCE <br /> Severance Pay 1950 .00 $36 .3596 70, 901 .22 <br /> Auto Allowance 12 MOS $275.00 31300.00 <br /> Vacation ( 1 ) 473. 00 $36 . 3596 17, 198 .09 <br /> Sick (2) 371 .24 $36 . 3596 13,498 . 14 <br /> Admin Leave (3) 7 . 50 $36. 3596 272 .70 <br /> Total Amount of Severance Package 1052170 . 15 <br /> FWT @ 25% (26 ,292 . 54) <br /> FICA (Max) (51605.45) <br /> Medicare ( 1 , 524. 96) <br /> Total Deductions (335422 .95) <br /> Net Pay 71 ,747.20 <br /> ( 1 ) Vacation includes year-to-date balance plus 12 .50 hrs for the month of January 2007 . <br /> (2) Sick accruals includes year-to-date balance plus 7.50 hrs for the month of January 2007 . <br /> (3) Two admin days were applied on January 24 & January 25 and are included on regular payroll check. <br /> Employee entitled to one remaining day. <br /> Note: Personal day used January 19th included on regular payroll check. <br /> FICA based upon maximum amount $97, 500 less year-to-date pay. <br /> Medicare on total check amount. <br /> All scheduled deductions taken against regular payroll check. <br /> W-4 on file for 25% federal withholding <br /> (4 ) Not included in the above calculation is single health insurance coverage which shall be paid by the <br /> county for 12 months beginnning February 2007 through January 2008 . <br /> (5) No long-term disability insurance or deferred compensation is to be paid by the county. <br /> NOTE : Net pay may change slightly for rounding errors when processing the check through software . <br />