I have an image ready to print in adobe elements 2. In the "print preview" orientation is set to landscape, scale 100% with height 6.667" and width 10".The photo insert in this option looks centered with the picture fitting nicely into 8.5 X 11" paper size.

Position indicators(greyed out) show top .667" and side .233". When I finally print this picture it is not centered properly for landscape orientation (left margin 5/16" and a right margin 3/4"). the top and bottom margins are equal at 15/16". This problem also occurs in portrait mode.

Can something be done about this because it is really nerve racking. :)

Try adjusting your Page Settings in PE2, Select Print Preview, Page Settings, set Source to Sheet (No Margins) this should resolve problem.