Description : When finding the tax on an item, do you round the number of cents?
Last Answer : This question can be interpreted in two ways. If you mean Do you round the cost of the item to the nearest dollar, and then compute the tax? , then: No. The tax applies to the actual cost of the item, not a more- ... tax is 10.62 * 0.05 = 0.531. The total cost is therefore $10.62 + $0.53 = $11.15