Create an application that will calculate the taxes and net pay for an employee. INPUT: employee ID (5 digit code) employees hourly rate employees hours worked OUTPUT: employee ID employees gross pay Taxes withheld employees net pay PROCESSING: using the input values for the hourly rate and the hours worked, calculate the employees gross pay hours worked X hourly rate calc
ulate the taxes to be withheld from the employees pay using the table below to create the decision statements necessary to select the correct tax percentage based on the amount of the gross pay. add to that an additional 7.65% for FICA and for Medicare/Medicaid taxes. gross pay X (value from table + 7.65)% calculate the employees net pay gross pay taxes TAX TABLE: