Using C++, write a program that calculates and prints the monthly paycheck for an employee. The net pay is calculated after taking the following deductions:
Federal Income Tax: 15%
State Tax: 3.5%
Social Security Tax: 5.75%
Medicare / Medicaid Tax: 2.75%
Pension Plan: 5%
Health Insurance: $75.00
Your program should prompt the user to input the gross amount and the employee name. The output will be stored in a file. Format your output to have two decimal places. A sample output follows:
Bill Robinson
Gross Amount:……. $3575.00
Federal Tax:……….. $ 536.25
State Tax:………. $ 125.13
Social Security Tax: $205.56
Medicare / Medicaid Tax: $98.31
Pension Plan: $178.75
Health Insurance: $75.00
Net Pay: $2356.00
Note that the first column is left-justified, and the right column is right-justified.