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Consider being the owner of a small business (Cupcake Shoppe, Lawn Service, Automotive Repair Shop, etc) and aspect you're responsible for is paying your employee or employees.

 

1. Provide an example of how you'll calculate paying your employee for one week (40-hrs) at a rate of $19.55/hr.

 

Now your employees want to be paid in Peso (MXN) and the current exchange rate is 0.0529. 

 

The total should shows four or five places beyond the decimal and you'll have to round up or down.

 

who keeps the difference, the owner or employee after you round it back to 2-places beyond the decimal?  You won't find the tenths of a cent on your paycheck, so where does it go?

 
 Nov 15, 2019

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