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

  1. Law
  2. CFR 20
  3. Employees' Benefits
  4. Social Security Administration
  5. Federal Old-Age, Survivors and Disability Insurance (1950- )
  6. Coverage of Employees of State and Local Governments
  7. Figuring the Amount of the State's Contributions - for Wages Paid Prior to 1987
  8. When fractional part of a cent may be disregarded - for wages paid prior to 1987.

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§ 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.


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