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

20 CFR 404.1263

  1. CFR
  2. ›
  3. Title 20
  4. ›
  5. Chapter III
  6. ›
  7. Part 404
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  9. Subpart M
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  11. Subject Group Figuring the Amount of the State's Contributions—for Wages Paid Prior to 1987
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  13. 20 CFR 404.1263
Citation20 CFR 404.1263
CorpusDaily eCFR
Displayed edition2026-04-15
Last updated2026-04-15

§ 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.