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Write a program that calculates and prints the monthly paycheck for

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Write a program that calculates and prints the monthly paycheck for Complete the below two problems. Each problem is a separate program (project). Question 1Write a program that calculates and prints the monthly paycheck for an employee. The net pay is calculated after taking the following deductions:Federal Income Tax: 15%State Tax: 3.5%Social Security Tax: 5.75%Medicare/Medicaid Tax: 2.75%Pension Plan: 5%Health Insurance: $75.00Your program should prompt the user to input the gross amount and the employee name. The output will be stored in a file. Format your output to have two decimal places. A sample output follows:Bill RobinsonGross Amount: ………… $3575.00Federal Tax: …………. $ 536.25State Tax: …………… $ 125.13Programming Exercises | 173Social Security Tax: ….. $ 205.56Medicare/Medicaid Tax: … $ 98.31Pension Plan: ………… $ 178.75Health Insurance: …….. $ 75.00Net Pay: …………….. $2356.00Note that the first column is left-justified, and the right column is right justified.7. Redo Programming Exercise 21, in Chapter 2, so that each string can store a line of text. Question 2A bank in your town updates its customers’ accounts at the end of each month.The bank offers two types of accounts: savings and checking. Every customer must maintain a minimum balance. If a customer’s balance falls below the minimum balance, there is a service charge of $10.00 for savings accounts and $25.00 for checking accounts. If the balance at the end of the month is at least the minimum balance, the account receives interest as follows:a. Savings accounts receive 4% interest.b. Checking accounts with balances of up to $5,000 more than the minimum balance receive 3% interest; otherwise, the interest is 5%.Write a program that reads a customer’s account number (int type), account type (char; s for savings, c for checking), minimum balance that the account should maintain, and current balance. The program should then output the account number, account type, current balance, and an appropriate message. Test your program by running it five times, using the following data:46728 S 1000 270087324 C 1500 768979873 S 1000 80089832 C 2000 300098322 C 1000 750    

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