You found an exciting summer job for five weeks. It pays, say, $15.50 per hour. Suppose that the total tax you pay on your summer job income is 14%. After paying the taxes, you spend 10% of your net income to buy new clothes and other accessories for the next school year and 1% to buy school supplies. After buying clothes and school supplies, you use 25% of the remaining money to buy savings bonds. For each dollar you spend to buy savings bonds, your parents spend $0.50 to buy additional savings bonds for you. Using C++, write a program that prompts the user to enter the pay rate for an hour and the number of hours you worked each week. The program then outputs the following:

1. Your income before and after taxes from your summer job.
2. The money you spend on clothes and other accessories.
3. The money you spend on school supplies.
4. The money you spend to buy savings bonds.
5. The money your parents spend to buy additional savings bonds for you.

Write the Code:

/*
Project: Summer Job
Description: User inputs hourly wage and hours worked.
Program calculates budget and outputs results.
*/

#include <iostream>;
using namespace std;

int main()

{
   float wage = 0;
   float hoursWorked = 0;
   float totalPay = 0;
   float afterTaxes = 0;
   float clothingCost = 0;
   float schoolSuppliesCost = 0;
   float savingsBonds = 0;
   float remainingMoney = 0;
   float parentsBonds = 0;
   cout << "Please enter your hourly wage:";
   cin >> wage;
   cout << "\nPlease enter the hours worked per week:";
   cin >> hoursWorked;
   totalPay = hoursWorked * wage * 5;
   cout << "\nAfter five weeks, your total pay before taxes is $" << totalPay;
   afterTaxes = totalPay * .86;
   cout << "\nAfter taxes, you made $" << afterTaxes;
   clothingCost = afterTaxes * .1;
   cout << "\nYou paid $" << clothingCost << " for clothing";
   schoolSuppliesCost = afterTaxes * .01;
   cout << "\nYou paid $" << schoolSuppliesCost << " for school supplies";
   remainingMoney = afterTaxes - clothingCost - schoolSuppliesCost;
   savingsBonds = remainingMoney * .25;
   cout << "\nYou paid $" << savingsBonds << " for savings bonds.";
   parentsBonds = savingsBonds * .5;
   cout << "\nYour parents paid an additional $" << parentsBonds << " for savings bonds.";
   return 0;
}