---
kind: "section"
citation: "20 C.F.R. § 404.1263"
title: "20"
number: "404.1263"
heading: "When fractional part of a cent may be disregarded—for wages paid prior to 1987."
url: "https://uscodex.org/cfr/20/404.1263"
---

# §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.


## Notes

### Authority

Authority: Secs. 205, 210, 218, and 702(a)(5) of the Social Security Act (42 U.S.C. 405, 410, 418, and 902(a)(5)); sec. 12110, Pub. L. 99-272, 100 Stat. 287 (42 U.S.C. 418 note); sec. 9002, Pub. L. 99-509, 100 Stat. 1970.

### Source

Source: 53 FR 32976, Aug. 29, 1988, unless otherwise noted.