Problem

A company pays an annual bonus to its employees. The bonus is calculated by multiplying...

A company pays an annual bonus to its employees. The bonus is calculated by multiplying the employee’s annual salary by a bonus rate, which is based on the number of years the employee has been with the company. Employees working at the company for less than 5 years receive a 1% bonus; all others receive a 2% bonus. Using only the instructions shown in Figure 1-12, write two versions of an algorithm that prints each employee’s bonus. Be sure to indent the instructions appropriately.

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Solutions For Problems in Chapter 1