Projects 40. Prepare a payroll earnings statement for the sales force at the Arctic lce Company. All of Arctic's employees are on a straight commission basis of 2.5% of sales. Each month, they also receive a bonus that varies depending on the profit for the month and their length of service. The sales manager calculates the bonus separately and enters it with the salesperson's total sales for the month. Your program is also to calculate the withholding taxes and retirement for the month based on the follow ing rates: a, 25% Federal withholding b, 10% State withholding c. 8% Retirement plan Use the test data in Table 4-2 to test the Sales 53,500 41,300 56,800 36,200 Salesperson Bonus 425 300 350 175 2 4 TABLE 4-2 Test Data for Project 40