§ 404.1263. When fractional part of a cent may be disregarded—for wages paid prior to 1987.
52 words·~1 min read·
/us/cfr/t20/s§ 404.1263·A research copy — for the controlling text, always check the official state or federal source. Not legal advice.
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.