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

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

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