Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Summary 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

Summary 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 C++ program that prompts the user to enter: The pay rate for an hour and the number of hours you worked each week. Test case 1 should be having the following : Input 15 32 22 10 15 13 Output How many hours did you work: 15 What was the hourly rate: $32 Gross Income: $67.20 Net Income: $59.81 Clothes & Accessories: $6.72 School Supplies: $0.67 Savings Bonds: $14.95 Parents Bonds Co-Contribution: $7.48 22 10 15 13 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. Test case 2 Input 15.50 20 32 39 18 33 Output How many hours did you work: 15.50 What was the hourly rate: $20 Gross Income: $43.40 Net Income: $38.63 Clothes & Accessories: $4.34 School Supplies: $0.43 Savings Bonds: $9.66 Parents Bonds Co-Contribution: $4.83 32 39 18 33. The program should be C++.

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

Logics For Databases And Information Systems

Authors: Jan Chomicki ,Gunter Saake

1st Edition

1461375827, 978-1461375821

More Books

Students also viewed these Databases questions

Question

5. Describe the visual representations, or models, of communication

Answered: 1 week ago