Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Only C + + . Screens necessary to complete this program at a minimum would include a main menu screen and a paycheck input /

Only C++. Screens necessary to complete this program at a minimum would include a main menu screen and a paycheck input
/
output screen. To be able to calculate a paycheck, you will need some information from the user. We need their GROSS_PAY, PAY_PERIOD, and FILING_STATUS.
The calculation of a persons NET_PAY, the money left over after Uncle Sam gets his portion, requires the computation of three tax amounts. They are Federal Income Tax (FIT), Social Security Tax (SS), and Medicare Tax (MED). Once these three tax amounts are determined, tabulation of the NET_PAY becomes a matter of basic subtraction as: GROSS_PAY FIT SS MED = NET_PAY
To calculate FIT, use the attached tax tables. For the purpose of this lab, we will use the Standard Tax tables for the bi-weekly, semi-monthly, and monthly pay periods.
First, choose the proper table for the PAY_PERIOD (Bi-weekly, Semi-monthly, or Monthly).
Second, choose the proper bracket for the FILING_STATUS (Separate or Joint).
Third, find the line where the GROSS_PAY falls between COLUMN_A and COLUMN_B in the tax bracket.
Lastly, FIT is calculated as: COLUMN_C +(COLUMN_D *(GROSS_PAY COLUMN_E))
Social Security Tax (SS) is calculated by multiplying GROSS_PAY by 6.2%, or GROSS_PAY *0.062.
Medicare Tax (MED) is calculated by multiplying GROSS_PAY by 1.45%, or GROSS_PAY *0.0145.
image text in transcribed

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Learn To Program Databases With Visual Basic 6

Authors: John Smiley

1st Edition

1902745035, 978-1902745039

More Books

Students also viewed these Databases questions

Question

What is the difference between trade deficits and balance of trade

Answered: 1 week ago