A corporate officer's salary is usually set by a board of directors. This constitutes
constructive payment. It is not necessary that the time or method of payment be specified.
Sufficient funds must be available for salary payments.
For years before 1978, wages were allocated equally to each quarter of the year. Quarters
of coverage could not be credited to any period prior to the date of the salary approval.
REFERENCE: Social Security Ruling 73-42
For years after 1977, constructive payment is developed only where it is possible
that an amount actually received in one year may have been constructively received
in a prior year.