For Exercise 3.20 perform each of these steps:1. Read the problem statement.2. Formulate t...

For Exercise 3.20 perform each of these steps:

1. Read the problem statement.

2. Formulate the algorithm using pseudocode and top-down, stepwise refinement.

3. Write a C program.

4. Test, debug and execute the C program.

(Salary Calculator)Develop a program that will determine the gross pay for each of several employees. The company pays “straight time” for the first 40 hours worked by each employee and pays “time-and-a-half” for all hours worked in excess of 40 hours. You’re given a list of the employees of the company, the number of hours each employee worked last week and the hourly rate of each employee. Your program should input this information for each employee and should determine and display the employee's gross pay. Here is a sample input/output dialog: