Question: Write the Python code needed to perform the following: Calculate state withholding tax (stateTax) at 6.5 percent Calculate federal withholding tax (federalTax) at 28.0 percent.
Write the Python code needed to perform the following:
Calculate state withholding tax (stateTax) at 6.5 percent
Calculate federal withholding tax (federalTax) at 28.0 percent.
Calculate dependent deductions (dependentDeduction) at 2.5 percent of the employees salary for each dependent.
Calculate total withholding (totalWithholding) as stateTax + federalTax+ dependentDeduction.
Calculate take-home pay (takeHomePay) as salary- totalWithholding
Execute the program by clicking the "Run Code" button at the bottom. You should get the following output:
State Tax: $81.25 Federal Tax: $350.00000000000006 Dependents: $62.5 Salary: $1250.0 Take-Home Pay: $756.25
In this program, the variables named salary and numDependents are initialized with the values 1250.0 and 2. To make this program more flexible, modify it to accept interactive input for salaryand numDependents.
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