Requirements of the final project:

First step, create the classes as described.

$$ Create a base class Employee that has the following attributes:

o Employee$$s name $($string$)$

o Employee$$s address $($string$)$

o Vehicle data $($Vehicle object$).$

$$ The child classes FullTimeEmployee, HourlyEmployee and Consultant that inherit from

Employee class have the following additional properties

o FullTimeEmployee $$ salary $($float$).$

o HourlyEmployee $-$ hoursWorked $($int$)$ and hourlyRate $($float$).$

o Consultant $$ hoursWorked $($int$)$ and ProjectType $($valid values are $1,2,$ and $3).$

$$ The child class Management inherits from both FullTimeEmployee class and Consultant

class. Management class has inherited three attributes $($i$.$e$.$ name, address, and vehicle object$)$

indirectly from Employ class, one attribute $($i$.$e$.$ salary$)$ from FullTimeEmployee class and

two attributes $($i$.$e$.$ hours worked and project type$)$ from Consultant class.

$$ All these classes have the $\_\_$init$\_\_$ method as well as the get, set, and str methods. In

addition, they have additional methods, i$.$e$.$ compute$\_$compensation$()$ and

compute$\_$reimbursement$()$ as described below. Function compute$\_$compensation$()$ returns

weekly compensation and function compute$\_$reimbursement$()$ returns weekly reimbursement.

$$ Compensation $($weekly$)$ for any employee type doesn$$t call for $$outside$$ information. In

other words, all information needed is available after initializing$/$creating an object.

Compensation is to be computed as follows:

o FullTimeEmployee: Compensation is salary minus taxes and taxes are calculated based

on the tax rate in the table below. Please notice that this format calculates the annual

Hongchang Wang Spring $2024$ MIS $6382$

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compensation and what this function needs to return is the weekly compensation

$($assuming there are $52$ weeks per year$).$ This requirement is different from the one in

HW$4.$

Salary Tax Rate

$$25,000$ or less $18\%$

$>$ $$25,000$ and $<=$ $$55,00018\%$ for the first $25,000,28\%$ for the rest

$>$ $ $55,00018\%$ for the first $25,000,28\%$ for the amount

between $25,000$ and $55,000,$ and $33\%$ for the

rest

For example, someone whose salary is $$123,000$ will pay $18\%$ on the first $25,000,28\%$ on the

next $(55,00025,000)$ and $33\%$ on the remaining $(123,00055,000)$

o HourlyEmployee: Compensation is hoursWorked times hourlyRate for the first $40$ hours.

For hours in excess of $40$ hours, the hourly rate is $1\mathrm{.}8$ times the regular hourly rate. The

sum of the two is weekly compensation.

For example, someone whose hourlyRate is $$12\mathrm{.}50$ and who has worked $48$ hours will

earn $40*$ $$12\mathrm{.}5+8*$ $$12\mathrm{.}5*1\mathrm{.}8.$

o Consultant: Compensation is HourlyRate times the hours worked $($this is weekly

compensation$).$ HourlyRate for Consultants is computed based on the ProjectType as

given in the table below:

Project Type HourlyRate

$1$ $$55\mathrm{.}00$

$2$ $$70\mathrm{.}00$

$3$ $$85\mathrm{.}00$

o Management: Total weekly compensation is the sum of the compensation from

FullTimeEmployee role $($i$.$e$.$ from salary$)$ and the compensation from Consultant role $($i$.$e$.$

from hours worked on a project$).$

$$ Reimbursement $($weekly$)$ for every employee type calls for $$outside$$ information as input

argument$($s$).$ In other words, the information is not provided when initializing$/$creating an

object and there is no corresponding attribute. Reimbursement is to be computed as follows:

Hongchang Wang Spring $2024$ MIS $6382$

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o FullTimeEmployee: This method will take an argument, which is the annual expense. If

the annual expense is no more than $$10,000,$ then the total reimbursement will be equal to

the annual expense. If the annual expense is more than $$10,000,$ then the total

reimbursement will be equal to $$10,000$ plus $50$ percent of the amount of the annual

expense that exceeds $$10,000.$ Please note that this format calculates the annual

reimbursement, and what this function needs to return is the weekly reimbursement

$($assuming there are $52$ weeks per year$).$ For example, someone whose annual expense is

$$12,000$ will get $$10,000$ plus $50\%$ on the remaining $($$$12,000$ $$10,000),$ totaling

$$11,000.$

Expense Reimbursement Rate

$$10,000$ or less $100\%$

$>$ $$10,000100\%$ for the first $$10,000,50\%$ for the rest

o HourlyEmployee: This method will take an argument, which is the weekly expense. If

the weekly expense is no more than $$100,$ then the total reimbursement will be equal to

the weekly expense. If the weekly expense exceeds $$100,$ then the total reimbursement

will be equal to $$100.$ For example, someone whose weekly expense is $$80$ will get a

weekly compensation of $$80,$ while someone whose weekly expense is $$120$ will get a

weekly compensation of $$100.$