Re: IEEE used for Dollars and Cents

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Article #127

#127

From: mat
Date: Sun, 01 Nov 1992 04:28

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In article <1992Oct30.194830.20830@odin.corp.sgi.com>, gints@prophet.esd.sgi.com (Gints Klimanis) writes:
> In article <1crqv1INNj9s@iraul1.ira.uka.de>, S_JUFFA@iravcl.ira.uka.de
> (|S| |> anybody correct me if I am wrong. Another problem I see with IEEE
> |> fp arithmetic: Round (4.5) = 4, but Round (5.5) = 6. This makes sense
> |> for mathematics, but not for tax calculations or similar. So my 
 
> Why is convergent rounding improper for tax calculations?  Convergent
> rounding is proper.

The proper rounding for tax computations is the one that leaves you
paying the least tax!  (And is legal ... in the US, Infernal Revenue
allows you to go either way on the half-dollar, if you choose to round
to even dollar amounts.)

Geez, talk about ivory towers ...
-- 
 (This man's opinions are his own.)
 From mole-end				Mark Terribile

 mat@mole-end.matawan.nj.us, Somewhere in Matawan, NJ

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References: <1992Oct30.041215.15710@noose.ecn.purdue.edu> <1992Oct30.194830.20830@odin.corp.sgi.com>

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Path: arc1-ca.pugleaf.net!sparky!uunet!mole-end!mat
From: mat@mole-end.matawan.nj.us
Subject: Re: IEEE used for Dollars and Cents
Message-ID: <1992Nov1.042812.28612@mole-end.matawan.nj.us>
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References: <1992Oct30.041215.15710@noose.ecn.purdue.edu> <1992Oct30.194830.20830@odin.corp.sgi.com>
Date: Sun, 1 Nov 1992 04:28:12 GMT
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