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Complete the Python program that calculates the amount of tax withheld from an employees weekly salary, the tax deduction to which the employee is entitled

Complete the Python program that calculates the amount of tax withheld from an employees weekly salary, the tax deduction to which the employee is entitled for each dependent, and the employees take-home pay. The program output includes state tax withheld, federal tax withheld, dependent tax deductions, salary, and take-home pay.

Instructions

  1. Some variables have been assigned for you and the output statements have been written. Read the starting code carefully before you proceed to the next step.
  2. Write the Python code needed to perform the following:
    • Calculate state withholding tax (stateTax) at 6.5 percent
    • Calculate federal withholding tax (federalTax) at 28.0 percent.
    • Calculate dependent deductions (dependentDeduction) at 2.5 percent of the employees salary for each dependent.
    • Calculate total withholding (totalWithholding) as stateTax + federalTax + dependentDeduction.
    • Calculate take-home pay (takeHomePay) as salary - totalWithholding
  3. Execute the program by clicking the Run button at the bottom. You should get the following output:
    State Tax: $81.25 Federal Tax: $350.00000000000006 Dependents: $62.5 Salary: $1250.0 Take-Home Pay: $756.25 
  4. In this program, the variables named salary and numDependents are initialized with the values 1250.0 and 2. To make this program more flexible, modify it to accept interactive input for salary and numDependents.

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