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What is meant by the term “average weekly wage?

April 26, 2017average meant term Wage

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What is meant by the term “average weekly wage?

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A. This term is used to reflect your average salary at the time of your accident. SC law requires that your salary (including bonuses and overtime) be verified and averaged for one (1) year prior to your accident or illness. Your employer is required to submit this payroll information to SAF. It is important to note that this amount is based on “earned” income. Interest, rental, mortgage, and/or dividend income is not included.