Write a program that reads in the name hourly rate and numberofhours worked for 5 people. Print the name of each personthenumber of hours worked their weekly pay based on the numberofhours they worked and how much they owe in taxes. Assume thattaxestake 20% of the paycheck. Dont forget to take the taxes outofthe pay check. If they work more than 40 hours they getovertime.The hourly rate is then 1.5 times normal for all hourspast 40.