PYTHON

Employee who are paid hourly in a company earn time-and-half for any hours worked above 40 hours in a given week.

(1) Prompt the user for the number of hours worked and the hourly wage, and output the total gross pay for the week in the format shown in example output.

The input

35 12.5 

gives the output

Enter number of hours worked: Enter hourly wage: Gross pay: $437.5 

The input

46.5 11 

gives the output

Enter number of hours worked: Enter hourly wage: Gross pay: $547.25 

(2) Compute and output the deductions for social security (6.2% of gross pay) and Medicare (1.45% of gross pay).

The input

35 12.5 

gives the output

Enter number of hours worked: Enter hourly wage: Gross pay: $437.5 Deductions Social Security: $27.12 Medicare: $6.34 

The input

46.5 11 

gives the output

Enter number of hours worked: Enter hourly wage: Gross pay: $547.25 Deductions Social Security: $33.93 Medicare: $7.94