41. Write a program that, given a beginning balance in your savings accou calculates the balance at the end of 1 year. The interest is 5.3% c pounded quarterly. Show the interest earned and balance at the end d each quarter. Present the data in tabular columns with appropriate ha ings. Use separate functions to compute the interest and print the balan
41. Write a program that, given a beginning balance in your savings accou calculates the balance at the end of 1 year. The interest is 5.3% c pounded quarterly. Show the interest earned and balance at the end d each quarter. Present the data in tabular columns with appropriate ha ings. Use separate functions to compute the interest and print the balan
Chapter3: Performing Calculations With Formulas And Functions
Section: Chapter Questions
Problem 1.3CP
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code for number 41 problem

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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