Question

Develop a C++ program that will determine the gross pay and net pay (after taxes). Each employee pays a flat tax of 150.00 on the first 1000.00 dollars earned. If the employee earns less than 1000.00 dollars then he/she pays no taxes. Taxes are computed at 15.5% on all earnings over 1000.00 dollars if the number of dependents is 3 or less and 12.5% if the number of dependents are 4 or more.

Sample input/outpt dialog

Enter # of yours worked: 99.99

Enter rate of pay: 10.00

Enter number of dependents: 2

Results

Gross salary is: $9999.99

Taxes withheld: $99.99

Salary after taxes: $999.99

Answer 1

C++ Program:

#include <iostream>
#include <iomanip>

using namespace std;

//Main function
int main()
{
    int hoursWorked, dependents;
    double payRate, grossPay, taxes, netPay;

    //Reading number of hours worked
    cout << "\n Enter # of hours worked: ";
    cin >> hoursWorked;

    //Reading pay rate
    cout << "\n Enter rate of pay: ";
    cin >> payRate;

    //Reading number of dependents
    cout << "\n Enter number of dependents: ";
    cin >> dependents;

    //Calculating gross pay
    grossPay = hoursWorked * payRate;

    //If gross pay is less than 1000 dollars
    if(grossPay < 1000)
    {
        taxes = 0;
    }
    else
    {
        //Tax for first 1000 dollars
        taxes = 150.00;

        //Calculating taxes depending on number of dependents
        if(dependents <= 3)
        {
            //Tax rate @15.5 %
            taxes = taxes + ( (grossPay - 1000) * 0.155 );
        }
        else
        {
            //Tax rate @12.5 %
            taxes = taxes + ( (grossPay - 1000) * 0.125 );
        }
    }

    //Calculating net pay
    netPay = grossPay - taxes;

    //For two decimal places
    cout << fixed << setprecision(2);

    //Printing results
    cout << "\n\n Gross Salary is: $" << grossPay;
    cout << "\n\n Taxes withheld: $" << taxes;
    cout << "\n\n Salary after taxes: $" << netPay;

    cout << "\n\n";
    return 0;
}

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Sample Output: