---
kind: "section"
citation: "29 C.F.R. § 794.124"
title: "29"
number: "794.124"
heading: "Computations on a fiscal year basis."
url: "https://uscodex.org/cfr/29/794.124"
---

# §794.124. Computations on a fiscal year basis.


Some enterprises operate on a fiscal year, consisting of an annual period different from the calendar year, for income tax or sales or other accounting purposes. Such enterprises in applying the method of computation in [§ 794.123(c)](/cfr/29/794.123.md?p=c) may use the four quarters of the fiscal period instead of the four quarters of the calendar year. Once adopted, the same basis must be used in subsequent calculations.


## Notes

### Authority

Authority: Secs. 1-19, 52 Stat. 1060, as amended; 29 U.S.C. 201-219.

### Source

Source: 35 FR 16510, Oct. 22, 1970, unless otherwise noted.