write a program that caculates and prints the monthly paycheck for an employee.
ID: 3620386 • Letter: W
Question
write a program that caculates and prints themonthly paycheck for an employee. The net pay is caculated after taking the following deductions:
Federal Income tax : 15%
Statte 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 amount and the employee name. The out put will be store in a file. Format your out put to have two decimal places. A sample output follows:
Bill Robinson
Gos Amount: $3755.00
Federal Tax: $ 536.25
State Tax $125.43
Social Security tax: $205.56
Medicare/ Medicaid Tax: $98.31
Pension Plan: $178.75
Health Insurance: $75.00
Net pAy $2356.00
write a program that caculates and prints the
monthly paycheck for an employee. The net pay is caculated after taking the following deductions:
Federal Income tax : 15%
Statte 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 amount and the employee name. The out put will be store in a file. Format your out put to have two decimal places. A sample output follows:
Bill Robinson
Gos Amount: $3755.00
Federal Tax: $ 536.25
State Tax $125.43
Social Security tax: $205.56
Medicare/ Medicaid Tax: $98.31
Pension Plan: $178.75
Health Insurance: $75.00
Net pAy $2356.00
Explanation / Answer
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