SOLUTION: The retirement account of each employee in a company receives money from two sources each month. First, each employee contributes 6% of his salary to his own retirement account.
Question 1013667: The retirement account of each employee in a company receives money from two sources each month. First, each employee contributes 6% of his salary to his own retirement account. Second, the company also makes a contribution equal to 3 % of the employee’s salary to the account. For example, suppose the monthly salary of an employee is $2000. The employee’s own contribution will be $120, while the company’s contribution will be $60. They need a program to manage the retirement accounts. The user will enter the monthly salary of an employee. The program will calculate and display the following items: amount of money contributed by the employee each month, amount of money contributed by the company each month, total contribution each month (i.e. the sum of employee’s and company’s contributions).
