The payroll clerk at Cartwright Industries wan...

The payroll clerk at Cartwright Industries wants a program that displays an employee’s weekly net pay. The clerk will enter the employee’s weekly gross pay. From the gross pay, the program will need to subtract the appropriate federal and state taxes. Use 20% as the FWT (Federal Withholding Tax) rate, 8% as the FICA (Social Security and Medicare) tax rate, and 4% as the state income tax rate. First, create an IPO chart for this problem, and then desk-check the algorithm twice, using $500 and $235.50 as the weekly gross pay. After desk-checking the algorithm, list the input, processing, and output items in a chart similar to the one shown in Figure 3-23, and then enter the appropriate C++ declaration statements.

REFERENCE: FIGURE 3-23