Round up, down, does it matter? I guess not. - Becoming a Certified Bookkeeper https://aipb.org/community/becoming-certified/round-up-down-does-it-matter-i-guess-not/ American Institute of Professional Bookkeepers Discussion Board en-US Mon, 17 Aug 2026 16:51:52 +0000 wpForo 60 Round up, down, does it matter? I guess not. https://aipb.org/community/becoming-certified/round-up-down-does-it-matter-i-guess-not/#post-364 Mon, 24 Feb 2020 02:17:09 +0000 Page 168, Chapter 10 of "Mastering Payroll" shows the FICA tax, employee portion, to be $156.83 on Gross Wages of $2,050.  It's actually $156.825, but it has been rounded up.

Page 170, Quiz 1 shows FICA tax of $34.42 on Gross Wages of $450.  It's actually $34.425.  It's been rounded down.  Same with FICA tax on Employee A on same page, FICA tax of $49.72 has been rounded down from $49.725, and Employee B's has been rounded down to $65.02 from $65.025. 

Is this accepted practice or is this just errors in the text? 

I've always rounded up at 5. I've never seen a round down before. 

]]> Becoming a Certified Bookkeeper Anonymous 3118 https://aipb.org/community/becoming-certified/round-up-down-does-it-matter-i-guess-not/#post-364