Rounding a variable to two decimal places C#

Use Math.Round and specify the number of decimal places.

Math.Round(pay,2);

Math.Round Method (Double, Int32)

Rounds a double-precision floating-point value to a specified number of fractional digits.

Or Math.Round Method (Decimal, Int32)

Rounds a decimal value to a specified number of fractional digits.

You should use a form of Math.Round. Be aware that Math.Round defaults to banker's rounding (rounding to the nearest even number) unless you specify a MidpointRounding value. If you don't want to use banker's rounding, you should use Math.Round(decimal d, int decimals, MidpointRounding mode), like so:

Math.Round(pay, 2, MidpointRounding.AwayFromZero); // .005 rounds up to 0.01
Math.Round(pay, 2, MidpointRounding.ToEven);       // .005 rounds to nearest even (0.00) 
Math.Round(pay, 2);    // Defaults to MidpointRounding.ToEven

(Why does .NET use banker's rounding?)

decimal pay  = 1.994444M;

Math.Round(pay , 2);