*Employee HI: Plus an additional 0.9% on wages over $200,000. Also applicable to self-employed. Rounding Rules: Unless instructed otherwise compute hourly rate and overtime rates as follows: 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. Also, use the minimum hourly wage of $7.25 in solving these problems and all that follow. $