This is a legal form that was released by the U.S. General Services Administration on October 1, 2017 and used country-wide. As of today, no separate filing guidelines for the form are provided by the issuing department.
Q: What is Form 720?
A: Form 720 is a tax form used to report certain types of federal excise taxes.
Q: What is the Senior Executive Performance Plan (SEPP)?
A: The Senior Executive Performance Plan (SEPP) is a program that provides performance-based incentives for senior executives in federal agencies.
Q: Who is eligible for the SEPP?
A: Senior executives in federal agencies who meet certain criteria may be eligible for the SEPP.
Q: What are the requirements for participation in the SEPP?
A: The specific requirements for participation in the SEPP can vary depending on the agency and position, but generally involve meeting performance goals and criteria.
Q: How are incentives determined under the SEPP?
A: Incentives under the SEPP are typically based on the achievement of predetermined performance goals and may be calculated as a percentage of base salary.