Re: 6 months/12 month rates off

Ronnie D. Franklin ( ronnie@itexas.net )
Sat, 19 Apr 1997 16:14:44 -0500

Thanks Dale... I tried several different routines before sending it to the
list... But just have not figured out how to get it where I need it...

What it appears is that you are taking the monthly rate * the tax and then
multipling it times the number of months... What I mean by "standard" is
that the monthly rate * the number of months then * the tax would work.

Example:

Emerald way for 6 months:

monthly tax
17.95 * 1.0675 = 19.161625
rounded to 19.16 * 6 = 114.96

"Standard" way:

monthly months tax
17.95 * 6 = 107.70 * 1.0675 = 114.97

Ronnie Franklin
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