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What is the usual tax treatment of unfunded severance plan payments? a) deductible to the employer, but not taxable to the recipient b) not taxable

What is the usual tax treatment of unfunded severance plan payments? a) deductible to the employer, but not taxable to the recipient b) not taxable to the recipient and not deductible to the employer c) taxable to the recipient, but not deductible to the employer d) taxable to the recipient as compensation income in the year it was received
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What is the usual tax treatment of unfunded severance plan payments? a) deductible to the employer, but not taxable to the recipient b) not taxable to the recipient and not deductible to the employer c) taxable to the recipient, but not deductible to the employer d) taxable to the recipient as compensation income in the year it was received

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