Code of Federal Regulations · Section
§ 70.62 — Fractional Parts Of A Cent
27 C.F.R. § 70.62
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In the payment of any tax, a fractional part of a cent shall be disregarded 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 not be disregarded in the computation of taxes.
Authorizing Statute
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Departmental regulations5 U.S.C. § 301
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Imposition of tax26 U.S.C. § 4181
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Fractional parts of a cent26 U.S.C. § 6313