South Carolina Code 12-8-1060. Estimated quarterly payments by employer of withholding
Current as of: 2023 | Check for updates
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The department may authorize employers to:
(1) estimate the wages that are paid to an employee in a quarter of the calendar year;
Terms Used In South Carolina Code 12-8-1060
- Employee: includes a resident individual receiving wages, as defined in § 12-8-520(D), for services regardless of where the services are rendered and nonresident individual receiving wages, as defined in § 12-8-520(D), for services rendered in this State. See South Carolina Code 12-8-10
(2) determine the amount to be withheld on each payment of wages during the quarter as if the appropriate average of the estimated wages is the actual wages paid; and
(3) withhold on a payment of the employee’s wages during the quarter the amount necessary to adjust the estimated amount withheld to the actual amount required to be withheld during the quarter as if the payroll period of the employee was quarterly.