2013 South Carolina Code of Laws
Title 12 - Taxation
CHAPTER 8 - INCOME TAX WITHHOLDING
SECTION 12-8-1060. Estimated quarterly payments by employer of withholding.
The department may authorize employers to:
(1) estimate the wages that are paid to an employee in a quarter of the calendar year;
(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.
HISTORY: 1995 Act No. 76, Section 2.
Disclaimer: These codes may not be the most recent version. South Carolina may have more current or accurate information. We make no warranties or guarantees about the accuracy, completeness, or adequacy of the information contained on this site or the information linked to on the state site. Please check official sources.
