Question
i Need help with my code that is the bonds part and parents part. everything is attached You found an exciting summer job for five
i Need help with my code that is the bonds part and parents part. everything is attached
You 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 savings bonds for you.
Instructions
Write a program that prompts the user to enter:
- The pay rate for an hour and the number of hours you worked each week.
The program then outputs the following:
-
Your income before and after taxes from your summer job.
-
The money you spend on clothes and other accessories.
-
The money you spend on school supplies.
-
The money you spend to buy savings bonds.
-
The money your parents spend to buy additional savings bonds for you.
input:
15 wage 32 22 10 15 13 hours worked.
output needed :
1380
1186.8
118.68
11.868
264.063
132.031
#include
using namespace std;
int main() { float payRate, hoursWorked, hoursWorked1, hoursWorked2, hoursWorked3, hoursWorked4, hoursWorked5; double incomeBeforeTax, incomeAfterTax; double clothesMisc, schoolMisc; double savingsMisc, additionalSavings; cout << "Enter Pay Rate For A Hour: "; cin >> payRate; cout << "Enter number of hours worked: "; cin >> hoursWorked1; cin >> hoursWorked2; cin >> hoursWorked3; cin >> hoursWorked4; cin >> hoursWorked5; //all hours worked hoursWorked = hoursWorked1 + hoursWorked2 + hoursWorked3 + hoursWorked4 + hoursWorked5; //before tax incomeBeforeTax = payRate * hoursWorked; //after tax 14% (100-14=86) incomeAfterTax = 0.86 * incomeBeforeTax; //clothes 10% clothesMisc = 0.1 * incomeAfterTax; //school supplies 1% schoolMisc = 0.01 * incomeAfterTax; savingsMisc = 0.25 * (incomeAfterTax - clothesMisc - savingsMisc); additionalSavings = 0.5 * savingsMisc; cout << "Income before taxes: " << incomeBeforeTax << endl; cout << "Income after Taxes: " << incomeAfterTax << endl; cout << "Income Spent on Clothes: " << clothesMisc << endl; cout << "Income Spent on Supplies: " << schoolMisc << endl; cout << "Money Spent on Bonds: " << savingsMisc << endl; cout << "Money Spent by Parents: " << additionalSavings << endl; // Write your main here return 0; }
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started