Looping over a text file list with python

Question

EDIT: Have updated post for better clarity, no answers have yet to help!

Alright, so my assignment is to take a text file, that would have 4 entries per line, those bein

Answer 1

try these changes:

totothrs = 0
totgross = 0.0
employees = 0
for tmp in data:
    employees += 1
    fname, lname, rate, hrs = tm.split()
    hrs = int(hrs)
    rate = float(rate)
    othrs = 0
    if hrs > 40:
        othrs = hrs - 40
        hrs = hrs - othrs

    totothrs += othrs
    gross = rate * hrs + (1.5*rate)*othrs
    totgross += gross
    heading3= "{0:15s}{1:15s}{2:2d}{3:10d}{4:14d}   {5:24.2f}".format(firstName, lastName, hrs, rate, othrs, gross)
    print heading3

spaceHeading = "       "
heading4= "{0:15s}{1:21.2f}".format("Total Gross Pay", totgross)
heading5= "{0:15s}{1:19.2f}".format("Average Gross Pay", (totgross/employees)
heading6= "{0:15s}{1:16d}".format("Total Overtime Hours", totothrs)

print heading4
print heading5
print heading6

Note: you dontneed to define the "headingN"'s you can just print them