40. Prepare a payroll earnings statement for the sales force at the Arctic Ice Company. All of Arctic's employees are on a straight commission basis of 12.5% of sales. Each month, they also receive a bonus that varies depending on the profit for the month and their length of service. The sales manager calculates the bonus separately and enters it with the salesperson's total sales for the month. Your program is also to calculate the withholding taxes and retirement for the month based on the follow ing rates: a. 25% Federal withholding b. 10% State withholding c. 8% Retirement plan Use the test data in Table 4-2 to test the program. Salesperson Sales 1 53,500 2 41,300 3 56,800 4 36,200 Bonus 425 300 350 175
40. Prepare a payroll earnings statement for the sales force at the Arctic Ice Company. All of Arctic's employees are on a straight commission basis of 12.5% of sales. Each month, they also receive a bonus that varies depending on the profit for the month and their length of service. The sales manager calculates the bonus separately and enters it with the salesperson's total sales for the month. Your program is also to calculate the withholding taxes and retirement for the month based on the follow ing rates: a. 25% Federal withholding b. 10% State withholding c. 8% Retirement plan Use the test data in Table 4-2 to test the program. Salesperson Sales 1 53,500 2 41,300 3 56,800 4 36,200 Bonus 425 300 350 175
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
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Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Transcribed Image Text:Projects
40. Prepare a payroll earnings statement for the sales force at the Arctic Ice
Company. All of Arctic's employees are on a straight commission basis of
12.5% of sales. Each month, they also receive a bonus that varies
depending on the profit for the month and their length of service. The
sales manager calculates the bonus separately and enters it with the
salesperson's total sales for the month. Your program is also to calculate
the withholding taxes and retirement for the month based on the follow
ing rates:
a. 25% Federal withholding
b. 10% State withholding
c.
8% Retirement plan
Use the test data in Table 4-2 to test the program.
Salesperson
Sales
Bonus
1
53,500
425
2
41,300
300
3
56,800
350
4
36,200
175
TABLE 4-2 Test Data for Project 40
41. Write a program that, given a beginning balance in your savings accout
calculates the balance at the end of 1 year. The interest is 5.3% con
pounded quarterly. Show the interest earned and balance at the end
each quarter. Present the data in tabular columns with appropriate hai
ings. Use separate functions to compute the interest and print the balan
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