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ashley-evans2460

Question

I worked for Pitt Co Board of Elections for Primaries and for General Elections. My non employee comp was $847.53. TT says taxable income was $848.00. Why the difference?

Forum|Forum|11 months ago
April 16, 2025
1 reply
0 views

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Employee

This was due to the rounding of cents. Cents of .01-49 are rounded down to the lower dollar and cents of .50-99 are rounded up to the next dollar. This makes for simpler calculations not having to deal with cents and usually comes out fairly even, maybe only a dollar or two either way at the end. This is allowed and encouraged by the IRS.

ashley-evans2460Author

Thank you so much for the information. It is greatly appreciated.