Question: Using C++ ( Payroll ) Write a program that calculates an employees monthly gross pay and net pay. The program should ask the user to

Using C++

(Payroll) Write a program that calculates an employees monthly gross pay and net pay. The program should ask the user to enter:

  • His/her name. Store this value in a variable called employeeName.
  • The number of hours worked per month. Store this value in a variable called hoursWorked.
  • The hourly pay rate. Store this value in a variable called hourlyPayRate.

Assume the Federal Tax Withholding Rate is 25% and the State Tax Withholding Rate is 7%. Use named constants FEDERAL_TAX and STATE_TAX to store the federal withholding rate and state withholding rate, respectively.

Your program should then calculate and display:

  • the gross pay. Store this value in a variable called grossPay.
  • the federal tax deduction. Store this value in a variable called federalTaxDeducation.
  • the state tax deduction. Store this value in variable called stateTaxDeduction.
  • total deductions. This is the state and federal tax combined. Store this value in a variable called totatDeductions.
  • the employees net pay. Store this value in a variable called netPay.

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