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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 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

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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