Just remember: half of x/4" is x/8", half of x/8" is x/16". If you're dealing with a bow that's 1 3/8" (11/8") wide, you can count off a half of an inch plus 3/16" (11/16") to either side of the center line. Does that make sense?
As for getting the taper correct, here's an example of how I'd do it.
for a bow with 1 3/8" fade, there's 11/16" on either side of the center line. Make a mark 11/16" on both sides. You'll probably want 3/8" tips, so mark 3/16" on either side of the center of the tips. Here's the tricky part: find out how many 16ths are between 11 and 3 and divide the length of the limb by that number. There are eight 16ths. Say your limb is 30" long. Divide that by 8 and you get 3.75. Every 3 3/4", make a mark on your limb.
On your first mark after the fade, count 10/16ths" to either side of the line, next mark 9/16ths" to either side of the line etc. til you get to the tips.
This is a lot more complicated to write than to just show you, but I hope I made sense.
~John