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Code of Federal Regulations (Last Updated: May 6, 2024) |
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Title 20 - Employees' Benefits |
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Chapter III - Social Security Administration |
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Part 404 - Federal Old-Age, Survivors and Disability Insurance (1950- ) |
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Subpart M - Coverage of Employees of State and Local Governments |
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Figuring the Amount of the State'S Contributions - For Wages Paid Prior to 1987 |
§ 404.1263 - When fractional part of a cent may be disregarded - for wages paid prior to 1987.
Latest version.
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§ 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.