South Carolina Code of Laws — Title 12 (Taxation)
S.C. Code Ann. § 12-8-1060
Estimated quarterly payments by employer of withholding
Official textscstatehouse.gov
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.
Source: view the official text
In this chapter (29 sections)
- 12-8-10 · Definitions
- 12-8-510 · Parties subject to withholding laws
- 12-8-520 · Incomes subject to withholding and amounts to be withheld
- 12-8-530 · Withholding on cash prizes or winnings; noncash prizes;…
- 12-8-540 · Withholding for rent or royalty payments to nonresident;…
- 12-8-550 · Withholding for nonresident temporarily conducting business…
- 12-8-560 · Partial or total exemptions of classes of transactions;…
- 12-8-570 · Withholding by trust or estate from distribution to…
- 12-8-580 · Withholding by buyer of real property or associated tangible…
- 12-8-590 · Tax withholding on distributions to nonresidential…
- 12-8-595 · Withholding on wages paid to individual failing to provide…
- 12-8-600 · Withholding from any type of payment included in state gross…
- 12-8-1010 · Withholding exemptions and exemption certificates
- 12-8-1020 · Change in exemptions; decrease
- 12-8-1030 · Incorrect withholding exemption certificate; notification…
- 12-8-1040 · Waiver of withholding requirements
- 12-8-1050 · Withholding on wages paid for period which is not payroll…
- 12-8-1060 · Estimated quarterly payments by employer of withholding
- 12-8-1070 · Manner of withholding and amount deducted and withheld…
- 12-8-1080 · Agreement between department and U.S. Secretary of Treasury…
- 12-8-1510 · Inapplicability of article's provisions to withholding
- 12-8-1520 · Withholding agents' duties to deposit and pay withholdings
- 12-8-1530 · Quarterly returns; agent to continue to file reports until…
- 12-8-1540 · Agents shall furnish statements to taxpayers and…
- 12-8-1550 · Due date for statements filed with department;…
- 12-8-2010 · Liability of agent failing to withhold or pay tax
- 12-8-2020 · Refund of credit for overpayment
- 12-8-2030 · Amount withheld held in trust for State; lien on property…
- 12-8-2040 · Quarterly return, annual reconciliation, and form filed in…