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Compute the gross pay as well as various taxes

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Reference no: EM132816606

Write program that will ask the user to enter the hours worked and the pay rate and will compute the gross pay as well as various taxes. For the first 40 hours the employee gets regular

pay (hours * rate). For the hours worked over 40 the employee gets time and a half (rate * 1.5).

The employee will pay taxes according to the following rates:

FEDERAL: 20 %

FICA: 10 %

STATE: 5 %

The output of the program should be as follows:

GROSS PAY:

FEDERAL TAXES:

FICA TAXES:

STATE TAXES:

TOTAL TAXES PAID:

NET PAY:

RUN the program two times to be sure all possible values of the logic work correctly

Reference no: EM132816606

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