HINT: Use constants to store values that do not change throughout your program. For instance, in this programming exercise; tax, clothes and accessories, school supplies, savings bonds, and parents bonds have values that do not change after they are set. Recall constants are just variables that cannot change value and must be initialized when declared. Don't forget to use the proper software code conventions by ensuring that your constant's name is in ALL-CAPs. You found an exciting summer job for five weeks. It pays, say, $15.50 per hour. Suppose that the total tax you pay on your summer job income is 14%. After paying the taxes, you spend 10% of your net income to buy new clothes and other accessories for the next school year and 1% to buy school supplies. After buying clothes and school supplies, you use 25% of the remaining money to buy savings bonds. For each dollar you spend to buy savings bonds, your parents spend $0.50 to buy additional savings bonds for you. Instructions Write a program that prompts the user to enter: The pay rate for an hour and the number of hours you worked each week. The program then outputs the following: Your income before and after taxes from your summer job. The money you spend on clothes and other accessories. The money you spend on school supplies. The money you spend to buy savings bonds. The money your parents spend to buy additional savings bonds for you.

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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HINT: Use constants to store values that do not change throughout your program. For instance, in this programming exercise; tax, clothes and accessories, school supplies, savings bonds, and parents bonds have values that do not change after they are set. Recall constants are just variables that cannot change value and must be initialized when declared. Don't forget to use the proper software code conventions by ensuring that your constant's name is in ALL-CAPs.

You found an exciting summer job for five weeks. It pays, say, $15.50 per hour. Suppose that the total tax you pay on your summer job income is 14%.

After paying the taxes, you spend 10% of your net income to buy new clothes and other accessories for the next school year and 1% to buy school supplies.

After buying clothes and school supplies, you use 25% of the remaining money to buy savings bonds. For each dollar you spend to buy savings bonds, your parents spend $0.50 to buy additional savings bonds for you.

Instructions

Write a program that prompts the user to enter:

The pay rate for an hour and the number of hours you worked each week.

The program then outputs the following:

Your income before and after taxes from your summer job.
The money you spend on clothes and other accessories.
The money you spend on school supplies.
The money you spend to buy savings bonds.
The money your parents spend to buy additional savings bonds for you.

Expert Solution

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C++ program which promote the user to enter salary and calculate the expenditure and tax payed .

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