Curtis Bedford, age $73,$ is a professor of english at private university. Curtis holds a tenured position, which represents a lifetime employment contract. The university has offered Curtis a $$75,000$ lump$-$Sum payment as an early retirement package. If accepted, curtis must give up any legal claim against the university for age discrimination and must forfeit all privileges as a faculty member. If Curtis accepts the university$$s offer, will the $$75,000$ payment represent compensation that is subject to employer and employee payroll $($Social Security and tax Medicare$)$ tax?