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Also, it's only cash transactions that are rounded. If you pay by debit or credit (which I would guess is the majority?) then it's still the exact amount and no
by lovegoblin 6y ago
Also, it's only cash transactions that are rounded. If you pay by debit or credit (which I would guess is the majority?) then it's still the exact amount and nothing has changed.
- causality0 6y agoAll transactions are rounded. It's just that paying by card is rounded to the nearest cent instead of the nearest 5 cents.
- Aunche 6y agoA fun example of this is gas prices. It’s actually $1.999 a gallon instead of $1.99 a gallon.
- californical 6y agoWeird that people disagree with you -- try taking a 7% tax of $1.25. your total will be $1.3375 -> $1.34
- lovegoblin 6y agoIs it disagreement or just eye-rolling?
- mgbmtl 6y agoFun in Quebec: a 14.975% tax rate¹. The tax can be rounded per line item or on the total. ¹ it was so that the effective tax rate remained the same when Quebec stopped taxing the federal tax, which was pretty annoying for software.