Write a program that calculates and prints the monthlypaycheck for an employee.

Question

Write a program that calculates and prints the monthlypaycheck for an employee. The net pay is calculated after takingthe following deductions: Federal Income Tax: 15% State Tax 3.5% Social Security Tax: 5.75% Medicare/Medicaid Tax: 2.75% Pension Plan: 5% Health Insurance: $75.00 Your program should prompt the user to input the gross amountand the gross employee name. The output will be stored in afile. Format your output to have two decimal places. A sampleoutput follows: Bill Robinson Gross Amount: ........................$3575.00 Federal Tax : ...........................$ 536.25 StateTax:   ..............................$  125.13 Social Security Tax:.................$  205.56 Medicare/Medicaid Tax:.........$    98.31 Pension Plan: ..........................$  178.75 Health Insurance:.....................$    75.00 Note that the left column is left-justified, and the rightcolumn is right-justified. Write a program that calculates and prints the monthlypaycheck for an employee. The net pay is calculated after takingthe following deductions: Federal Income Tax: 15% State Tax 3.5% Social Security Tax: 5.75% Medicare/Medicaid Tax: 2.75% Pension Plan: 5% Health Insurance: $75.00 Your program should prompt the user to input the gross amountand the gross employee name. The output will be stored in afile. Format your output to have two decimal places. A sampleoutput follows: Bill Robinson Gross Amount: ........................$3575.00 Federal Tax : ...........................$ 536.25 StateTax:   ..............................$  125.13 Social Security Tax:.................$  205.56 Medicare/Medicaid Tax:.........$    98.31 Pension Plan: ..........................$  178.75 Health Insurance:.....................$    75.00 Note that the left column is left-justified, and the rightcolumn is right-justified.

Explanation / Answer

please rate - thanks #include #include using namespace std; int main() { double pay, fed,state,ss,med,pen,health,salary; string name; cout

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