Question

Phyton Question:

You have been hired to create a program that computes that Monthly Net Pay for a worker after acquiring from the user their Annual Gross Salary. The deductions that are to be considered are an Income Tax of 22.5%, a Social Security Tax of 6.2%, and a Medicare Tax of 1.45%. The program should end by displaying the Monthly Net Pay to the user.

Design the algorithm for this program using your preferred method of representation (Pseudocode OR Flowchart).

Answer 1

An algorithm is a step-by-step procedure that gives a solution to the problem.

The required algorithm is given below:

Step 1: Start

Step 2: Declare variables annualGrossSalary, sst, medTax, netPay, and monthlyNetPay

Step 3: Read values annualGrossSalary

Step 4: incomeTax = annualGrossSalary * 22.5 / 100

Step 5: sst = annualGrossSalary * 6.2 / 100

Step 6: medTax = annualGrossSalary * 1.45 / 100

Step 7: netPay = annualGrossSalary - incomeTax - sst - medTax

Step 8: monthlyNetPay = netPay / 12

Step 9: Display "monthlyNetPay" on the computer screen

Step 10: Stop

The python source code is given below:

#get user input
annualGrossSalary = int(input("Enter the annual gross salary: "))

#calculate the deduction
incomeTax = annualGrossSalary * 22.5 / 100
sst = annualGrossSalary * 6.2 / 100
medTax = annualGrossSalary * 1.45 / 100

netPay = annualGrossSalary - incomeTax - sst - medTax
monthlyNetPay = netPay / 12

#display the montlhy salary
print("The montlhy net payment is:",monthlyNetPay)

The screenshot of the above source code is given below:

OUTPUT:

Enter the annual gross salary: 150000
The montlhy net payment is: 8731.25