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Code of Federal Regulations Title 20. Employees' Benefits § 20.404.1263 When fractional part of a cent may be disregarded—for wages paid prior to 1987

Current as of January 02, 2025 | Updated by Findlaw Staff

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.

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Cite this article: FindLaw.com - Code of Federal Regulations Title 20. Employees' Benefits § 20.404.1263 When fractional part of a cent may be disregarded—for wages paid prior to 1987 - last updated January 02, 2025 | https://codes.findlaw.com/cfr/title-20-employees-benefits/cfr-sect-20-404-1263/

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