Code of Federal Regulations · Section
§ 404.1263 — When Fractional Part Of A Cent May Be Disregarded—For Wages Paid Prior To 1987
20 C.F.R. § 404.1263
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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.
Authorizing Statute
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Voluntary agreements for coverage of State and local employees42 U.S.C. § 418
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Evidence, procedure, and certification for payments42 U.S.C. § 405