In C++ Programming, write a program that calculates and prints the monthly paycheck for an employee. The net pay is calculated after taking the following deductions: Federal Income Tax: 15% State 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 output will be stored in a file. Format your output to have two decimal places. A sample output follows: Bill Robinson Gross Amount: .......................... $3575.00 Federal Tax: ................................ $ 536.25 State Tax: .....................................$ 125.13 Social Security Tax: ................... $ 205.56 Medicare/Medicaid Tax: ......... $ 98.31 Pension Plan: .............................. $ 178.75 Health Insurance: .......................$ 75.00 Net Pay: ....................................... $2356.00 NOTE: The first column is left-justified, and the right column is right-justified.
In C++
Federal Income Tax: 15%
State 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 output will be stored in a file. Format your output to have two decimal places. A sample output follows:
Bill Robinson
Gross Amount: .......................... $3575.00
Federal Tax: ................................ $ 536.25
State Tax: .....................................$ 125.13
Social Security Tax: ................... $ 205.56
Medicare/Medicaid Tax: ......... $ 98.31
Pension Plan: .............................. $ 178.75
Health Insurance: .......................$ 75.00
Net Pay: ....................................... $2356.00
NOTE: The first column is left-justified, and the right column is right-justified.
Trending now
This is a popular solution!
Step by step
Solved in 4 steps with 5 images
