Write a C++ program that calculates and prints the monthly paycheck for an employee. The net pay is calculated after taking the following deductions:

Federal Income Tax: 15%

State Tax: 3.5%

Social Security Tax:5.75%

Medicare/Medicaid Tax: 2.75%

Pension Plan: 5%

Health Insurance: $75.00

The program should prompt the user to input the gross amount (of salary) and the employee name.

Format your output on the screen to have two decimal places.

Hint you can use setw and seoretision in order to solve this problem.

Transcribed Image Text:

Sample input/output: Enter employee name: Mr.Ahmad Enter gross amount: 23560 Mr.Ahmad Gross Anount: $23560.00 Federal Tax: $3534.00 State Tax: Social Security Tax: Medicare Medicaid Tax: Pension Plan : Health Insurance: Net Pay: 824.60 1354.70 647.90 1178.00 25.00 $15945.80 Sample input/output: Enter employee name: Mr.Ahmad Enter gross amount: 23560 Mr.Ahmad Gross Anount: $23560.00 Federal Tax: $3534.00 State Tax: Social Security Tax: Medicare Medicaid Tax: Pension Plan : Health Insurance: Net Pay: 824.60 1354.70 647.90 1178.00 25.00 $15945.80

Answer rating: 100% (QA)

include include usingnamespace std int main double gross string name cout Enter employee name scan t... View the full answer