1. (a) If an individual receives any part of his wages in any medium other than cash, the reasonable cash value of such remuneration other than cash shall be deemed for all purposes of the Act to be either:

   1. (1) the amount which is agreed upon between the employing unit and such individual if:

      1. (A) the terms of such agreement are reported to the commission; and
      2. (B) the commission determines that such agreed value or amount is reasonable; or
   2. (2) the cash value as shown to the satisfaction of the commission.
2. (b) If the commission determines that the amount agreed upon is unreasonable, or if the employing unit and such individual fail to agree upon an amount, or if the employing unit fails to report the terms of an agreement to the commission and if the employing unit fails to show the cash value of such noncash remuneration prior to the due date of contributions with respect to such wages, the commission shall fix an amount or value after considering all available information and evidence; and such amount fixed by the commission shall be deemed for all purposes of the Act to be the cash value of such wages received in any medium other than cash.

Source Note:The provisions of this §815.4 adopted to be effective July 27, 1982, 7 TexReg 2630; transferred effective June 1, 1996, as published in the Texas Register June 18, 1996, 21 TexReg 5606.