South Carolina Code of Regulations
Chapter 47 - DEPARTMENT OF EMPLOYMENT AND WORKFORCE
Article 1 - GENERAL PROVISIONS
Section 47-1 - Cash value of Certain Remunerations
Universal Citation: SC Code Regs 47-1
Current through Register Vol. 48, No. 3, March 22, 2024
A. The South Carolina unemployment Law, provides in Section 41-27-380, that "Wages means all remuneration paid for personal services, including commissions and bonuses and the cash value of all the remuneration paid in any medium other than cash ... The reasonable cash value of remuneration paid in any medium other than cash ... shall be estimated and determined in accordance with rules prescribed by the Department."
B. The Department accordingly prescribes that:
1.
If board, lodging, bartered services, or any other payment in kind considered
as payment for services performed by a worker, is in addition to or in lieu of
(rather than a deduction from) money or wages, the Department shall determine
or approve the cash value of such payment in kind, and the employer shall use
these cash values in computing contributions due under the law.
2. Where cash value of board and lodging
furnished a worker is agreed upon in the contract of hire the amount so agreed
upon shall, if more than the rate prescribed herein, be deemed to be the value
of such board and lodging, subject to review by the Department. Until and
unless in a given case the rate for board and lodging is determined by the
Department, board and lodging furnished in addition to and in lieu of money
wages shall be deemed as follows:
a. Meal
rates as established by the Budget and Control Board.
b. Lodging rates as determined reasonable by
the Department.
3. The
cash value of bartered services shall be determined by the applicable
prevailing wage published by the United States Department of Labor, state
government entities, employment and trade publications, as deemed appropriate
by the Department.
4. In the
absence of employer records the Department may use prevailing wage information
published by the United States Department of Labor, state government entities,
employment and trade publications, and similar sources to determine the
monetary value of services performed by a worker.
Disclaimer: These regulations 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.
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