Good evening, I am learning C++ and I am having a hard time with this question. They want me to create a program to find how the money would be allocated, but I am still new and struggling. I understand the declaring of variables, getting the base program setup. But when it wants me to find out post/pretax, the money I spend on clothes etc. I would imgaine I would take netIncome * 25% to figure out the clothes one but I am really just going in blind here. Thanks SummaryYou found an exciting summer job for five weeks. It pays, say, $15.50 per hour. Suppose that the total tax you pay on your summer job income is 14%.After paying the taxes, you spend 10% of your net income to buy new clothes and other accessories for the next school year and 1% to buy school supplies.After buying clothes and school supplies, you use 25% of the remaining money to buy savings bonds. For each dollar you spend to buy savings bonds, your parents spend $0.50 to buy additional savingsbonds for you.InstructionsWrite a program that prompts the user to enter:1. The pay rate for an hour and the number of hours you worked each week.The program then outputs the following formatted to 2 decimals places with a dollar sign:1. Your income before and after taxes from your summer job.2. The money you spend on clothes and other accessories.3. The money you spend on school supplies.4. The money you spend to buy savings bonds.5. The money your parents spend to buy additional savings bonds for you.Please make sure to include comments at the top of your code that lists your name, date, and program description. Please also include other comments throughout your code.

#include <iostream> //income before tax double total_income_bt = pph * hpw * total_week;…

Answered: od evening, I am learning C++ and I am…

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

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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Good evening, I am learning C++ and I am having a hard time with this question. They want me to create a program to find how the money would be allocated, but I am still new and struggling. I understand the declaring of variables, getting the base program setup. But when it wants me to find out post/pretax, the money I spend on clothes etc. I would imgaine I would take netIncome * 25% to figure out the clothes one but I am really just going in blind here. Thanks