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Write a program to compute the total bonus amount earned

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Reference no: EM131251212

Space Inc. will give a quarterly and annual bonus to its employees only if the savings of the quarter and/or the year are greater than or equal to quarterly minimum (monthly commitment x 3) and/or the annual minimum (monthly commitment x 12) amount, respectively. The quarterly bonus is 3% of eligible quarterly savings, and the annual bonus is 5% of annual savings if eligible. If the annual savings exceeds the committed amount by at least 25%, Space Inc. matches the additional savings (25% or above) as part of the annual bonus.

I. An employee has committed to save $2000 per month. Her quarterly savings are as follows: Q1 - $5000, Q2 - $7000, Q3 - $4000, and Q4 - $8000.

II. Another employee has committed to save $3000 per month. His quarterly savings are as follows: Q1 - $6000, Q2 - $9000, Q3 - $10000, and Q4 - $17000.

Write a program to compute the total bonus amount earned by these two employees in the year.

Reference no: EM131251212

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