i am new to programming and writing algorithms I'D APPRECIATE YOUR HELP WRITING AN ALGORITHM FOR THE FOLLOWING PAYROLL PROGRAM
Assignment
Plan and code a program to do the following. The Natural Oak and Pine Furniture Company has hired you to develop a payroll program to print out a pay report for one employee. (Later, the program may be expanded for all company employees.)
Input
Three employee initials; the number of hours worked; the hourly rate of pay for the employee. Calculate and output the employee's gross pay, deductions, and net pay. Deductions include the following:
Federal Withholding Rate 18% of gross wages
State Withholding Rate 4.5% of gross wages
Hospitalization $25.65
Union dues 2% of gross wages
Use CONSTANT definitions for the deductions. Output ·employee initials; gross wages; amount of federal withholding; amount of state withholding; amount of hospitalization; amount for union dues; total deductions; net wages. Your output should be formatted as a report and should look like the following sample:
Employee ABC
Hours Worked 40.00
Hourly Rate 8.75
Total Wages 350.00
Deductions
Federal Withholding: 63.00
State Withholding 15.75
Hospitalization 25.65
Union Dues 7.00
Total Deductions 111.40
Net Pay 238.60
Turn in
Program listing and program output.
Be sure your output file contains user prompts and what was entered by the user .in addition to the results of your program processing. Run with above listed data. The instructor will give you additional data to test.
Program documentation and the first line of your output file should include:
//Last Name, First Name
//Assignment Due Date and Lab Number
//Class Section, Day, Time
Write your