Justin receives 52 weekly paychecks each year. Each week, he contributes a specific percentage of his gross weekly pay to his retirement plan at work. His employer also contributes to his retirement plan, but at a different rate. Justin wants a program that will calculate and display the total annual contribution made to his retirement plan by him and his employer. Complete an IPO chart for this problem. Desk-check the algorithm using $640 as the gross weekly pay, 6% as Justin’s contribution rate, and 4% as the employer’s contribution rate. Then desk-check it using your own set of data.
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