Step 6. Rounding Method. In this step, you determine which method of rounding to apply to the tax calculations for this tax rule. Only one (1) rounding method will be applied to each tax calculation.
Round Up - Click on the "Round Up" bullet box to apply the rounding up method. This method implies that if the tenths of a cent is greater than 0, the cent digit is incremented. Example:$1.322 becomes $1.33.
Standard - Click on the "Standard" bullet box to apply normal the rounding method. Standard rounding means that if the tenths of a cent is greater than or equal to 5, the cent digit is incremented. Example:$1.324 becomes $1.32; $1.325 becomes $1.33.
Round Down - Click on the "Round Down" bullet box to apply the rounding down method. This method implies that the tenths of a cent digit is not considered in rounding. Example:$1.329 becomes $1.32.