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Computers and Technology, 23.08.2021 22:40 Tylobones
1. Draw a flowchart algorithm and Write a c++ program that calculates the employee’s salary as Ethiopia context? Here are the formulas on how to calculate personal (employee) income tax, pension, gross and net income in Ethiopia. For comparison purpose, we have also added the old net salary, pension and income tax caluculation methods. § Salary Income Tax = (Gross Salary * Tax Rate) – Deduction § Employee Pension – Gross Salary x 7% § Net Income = Gross Salary – Salary Income Tax – Employee Pension – Other Taxes (If applicable) § Employee Pension – 7% § Company Pension – 11% No. Salary Range (ETB) Tax Rate Deduction (ETB) 1. 0 – 600 Birr Non-Taxable – 2. 601 - 1,650 Birr 10% 60 Birr 3. 1,651 – 3,200 Birr 15%
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