Question: Using python, write a program for a financial application: payroll. The program should read the following information and print a payroll statement: Employee's name (

Using python, write a program for a financial application: payroll. The program should read the following information and print a payroll statement:
Employee's name (e.g., Smith)
Number of hours worked in a week (e.g.,10)
Hourly pay rate (e.g.,9.75)
Federal tax withholding rate (e.g.,20%)
State tax withholding rate (e.g.,9%)
Hints:
Gross pay= hours * payrate
FTWH = Gross pay * FTWHR
STWH = Gross pay * STWHR
Total taxes =FTWH + STWH
Net pay= Gross pay - Total taxes
 Using python, write a program for a financial application: payroll. The

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