20 CFR 404.1263
§ 404.1263 When fractional part of a cent may be disregarded—for wages paid prior to 1987.
United States · 20 CFR — Employees' Benefits · Status: effective
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- Citation
- 20 CFR 404.1263, § 404.1263 When fractional part of a cent may be disregarded—for wages paid prior to 1987, United States, version 1 as recorded 2026-07-09, yourstate.us, https://yourstate.us/provision/78639
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Full text
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.
Legislative history
This is a federal regulation, adopted through agency rulemaking under the Administrative Procedure Act — not enacted by a recorded vote of Congress.