29 CFR 794.124

§ 794.124 Computations on a fiscal year basis.

United States · 29 CFR — Labor · Status: effective

Cite this

Citation: 29 CFR 794.124, § 794.124 Computations on a fiscal year basis, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/126969
Permanent ID: ys:prov:126969@1
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Full text

Some enterprises operate on a fiscal year, consisting of an annual period different from the calendar year, for income tax or sales or other accounting purposes. Such enterprises in applying the method of computation in § 794.123(c) may use the four quarters of the fiscal period instead of the four quarters of the calendar year. Once adopted, the same basis must be used in subsequent calculations.

Legislative history

This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.