20 CFR 404.1263 - When fractional part of a cent may be disregarded

Regulations last checked for updates: May 01, 2025

Title 20 - Employees' Benefits last revised: Mar 17, 2025

View all text of Subpart M [§ 404.1200 - § 404.1299]

§ 404.1263 - When fractional part of a cent may be disregarded—for wages paid prior to 1987.

In paying contributions to a Federal Reserve bank or branch, a State may disregard a fractional part of a cent unless it amounts to one-half cent or more, in which case it shall be increased to one cent. Fractional parts of a cent shall be used in computing the total of contributions.

cite as: 20 CFR 404.1263