In all problems, unless instructed otherwise, compute hourly rate and overtime rates as follows:

1. Carry the hourly rate and the overtime rate to 3 decimal places and then round off to 2 decimal places.

2. If the third decimal place is 5 or more, round to the next higher cent.

3. If the third decimal place is less than 5, drop the third decimal place.

1. Brad, a sales rep, earns an annual salary of $24,500 and receives a commission based on the table below. His sales for this year were $230,000. Compute:

Sales Commission Rate

0-100,000 0%

100,000- 200,000 4%

Over 200,000 6%

1. Regular annual salary:

2. The commission:

3. Total Annual Earnings: