Problem: An organization wants to compute monthly wages to be paid to an employee in an organization. The input data is provided in two different files. File1 contains permanent employee data about employees (i.e. Empid, name, hourly wages), and File2 contains working hours information of each employee in the current month (i.e., empid and hours). Individual elements of data are separated by commas. Design a python program that reads both the files, computes the monthly wages of each employee and store in another file. Take both file names as command line arguments and check the respected exceptions for the same.…