Project 1: Payroll Calculator

 •         Learning Objective: Using Basic Python Input Output and Arithmetic Statements

 Problem Description: 

Write a Python program that reads the following information from user, and prints a payroll statement:

Employee’s name (e.g., Smith)

Number of hours worked in a week (e.g., 10)

Hourly pay rate (e.g., 60.75)

ATO tax withholding rate (e.g., 30%)

Medicare Levy rate (e.g., 2%) 

Here is an example of Program Output: 

Enter employee's name: John Smith

Enter number of hours worked in a week: 10

Enter hourly pay rate: 60.75

Enter ATO tax withholding rate: 0.30

Enter Medicare Levy rate: 0.02 

Employee Name: Smith

Hours Worked:  10.0

Pay Rate:  $60.75

Gross Pay:  $607.50

Deductions:

ATO tax (30.0%):  $182.25

     Medicare Levy (2.0%):  $12.15

     Total Deduction12:  $194.3

Net Pay:   $413.20