Originally Posted by
TonyC
Let me be brief, and use big numbers.
They say, right there on the slide, "Assume 1000 CH / Yr". So, take hourly rate and multiply by 1,000:
$260.61 * 1,000 = $260,610 -- they got that one right
$286.67 * 1,000 = $286,670 --- they say, $286,671
That's not a rounding error.
$304.13 * 1,000 = $304,130 -- they say, $304,129
Again, not a rounding error.
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That is a rounding error. You realize that they carry forward each year with a 3% pay increase, right. When you multiply by 3% you get numbers which are carried over to the tenths, hundredths, and thousandths place, right? Since we don't get paid in thousandths of a dollar, they rounded the payrate to the nearest cent. But those other digits are still there... so, when they multiply by 1,000, magically, they appear in the ones place. Because math.
Funny for someone who got all upset when the NC rounded the 2.96% slope (or whatever it worked out to be) to 3%, and who wanted them to be precise and exact... now that they are being precise, you want them to round numbers. They can't win with you. I get it. Whatever they do is wrong, and you're right. Sounds like my kids...
You must be a real charmer at the gas pump when you're paying $1.879 per gallon. I hope you get your change in multiples of $0.001...