The insurance company you work for has the following rules for calculating the premium: 1. The premium is $1,000 for a driver between 30 to 55 years, making over $50,000 in annual income and 0 points on driving record. 2 A surcharge of $100 is applied to the premium for every point on the record. 3 A surcharge of $125 applies to all drivers outside the age group of 30-55 years. 4 A discount of $50 is applied if the driver income is less than $50,000.

Write the necessary formula(s) for calculating the premium using the data given below. The formulas should be written using names.

Name Age (Years) Premium 36 Dingy Dolittle Max Driver Dibbi Dabba Lucky Bob Poly Roly Jane John Missy Rush Slow Moe Fast Eddie Slick Billy Terry Terrible Annual Points Income 44,000 76,000 27,000 52,000 33,000 87,000 36,000 88,000 40,000 82,000 41,430 wuwOENWO