While calculating tax total and the subtotal on an invoice, each individual line amount is rounded to 2 decimal places then summed to get the tax total.
The method used to round is to round half up.
Name | Amount | Tax Rate | Tax (before rounding) | Tax (after rounding) | Totals |
---|---|---|---|---|---|
Line item 1 | 45.30 | 5% | 2.265 | 2.27 | |
Line item 2 | 33.45 | 10% | 3.345 | 3.35 | |
Total Tax Amounts | 5.62 | ||||
Total | 78.75 | 84.37 |