Foundations of Programming Project One Instructions The entire Project is worth 10% of your final grade. . NOTE: This

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Foundations of Programming Project One
Instructions
The entire Project is worth 10% of your final grade. .
NOTE: This is your own Project and must be your ownwork. Any plagiarizing or sharing of information will beinterpreted as cheating and will result in at a minimum failure ofthe project and failure from the course. No exceptions.
All questions on requirements must be addressed to yourinstructor.
For the project, the following must be included in yoursolution.
Complete the above using a WORD document. Once theabove is complete, upload the document via assignment manager bythe due date.
Problem Statement
You are asked to write a Payroll application that will calculatethe Gross Earnings, FICA tax (Medicare and Social Security taxes),Federal Tax Withheld, and Net Amount of the payroll check for eachemployee of a company.
INPUT
The application must be able to collect the following “required”information for each client:
OUTPUT
These are the outputs:
PROCESS
For each employee (HINT: Until NO MORE EMPLOYEES)calculate the following for their individual payroll for theweek.
Gross earnings: Hourly wage times hours worked(with time and a half after 40 hours).
FICA Tax: sum of 6.2% of the total wages (SocialSecurity tax) and 1.45% of total wages (Medicare tax)
Federal Income Tax Withheld: Subtract $55.77 fromthe gross earnings for each withholding exemption giving theAdjusted Gross Income. Based on the Adjusted Gross Income,use the following parameters to determine the federal tax based onmarital status:
Adjusted Gross Income
Income Tax Withheld (S)
Income Tax Withheld (M)
$0 to $50
$0
$0
$51 to $500
10% over $51
5% over $51
$501 to $2,500
$45.00 + 15% of amount over $500.00
$22.50 + 10% of amount over $500.00
$2,501 to $5,000
$345.00 + 20% of amount over $2,500
$225.50 + 15% of amount over $2,500
Over $5,000
$845.00 + 25% of amount over $5,000
$600.50 + 20% of amount over $5,000
Net Earnings: Gross Earnings – FICA taxes – FederalIncome Tax Withheld