Moderate Extension Requirements: 65 points

• Program should calculate a person's gross pay based on number of hours worked and pay rate.
• Determine the amount of tax withheld for:
  • Social Security: 6.2%
  • Medicare: 1.45%
• Calculate the net pay based on gross pay tax withheld
• Display the value of each of the variables with appropriate labels (See input and output example)
• Input Example: Enter Company Name: Programs R Us Enter Employee Name: Cal Q. Later Enter Hourly Pay Rate: 22.50 Enter Hours Worked: 40

Output Example: Employee: Cal Q. Later

Programs R Us Weekly Pay Check

Hourly Pay Rate: 22.50

Hours Worked: 40.00

Gross Pay: 900.00

SSI Tax: 55.80

Medicare Tax: 13.05

Net Pay: 831.15

In phython language