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  • Rounding of withholding amounts



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    Withholding amounts calculated as a result of applying the formulas should be rounded to the nearest dollar. Results ending in exactly 50 cents are rounded to the next higher dollar. Do this rounding directly, that is, do not make a preliminary rounding to the nearest cent. Where no TFN has been provided, cents are ignored when withholding amounts are calculated.

    Last modified: 10 Nov 2015QC 25956