Write a program that calculates and prints the monthly paycheck fora n employee.

Question

Write a program that calculates and prints the monthly paycheck fora n employee. The net pay is calculated after taking the followingdeductions:

Federal IncomeTax:           15%
StateTax:                            3.5%
Social SecurityTax:            5.75%
Medicare/Medicaid Tax:     2.75%
PensionPlan:                       5%
HealthInsurance:               $75.00

Your program should prompt the user to input the gross amount andthe employee name. The output will be stored in a file. Format youroutput to have two decimal places. A sample output follows:

Allison Nields
GrossAmount:                  $3575.00
FederalTax:                      $536.25
StateTax:                         $125.13
Social SecurityTax:          $205.56
Medicare/Medicaid Tax:     $98.31
PensionPlan:                      $178.75
HealthInsurance:               $75.00
NetPay                             $2356.00

Explanation / Answer

please rate-thanks import java.io.*; public class untitled { public static void main(String []args)throwsFileNotFoundException {double pay, fed,state,ss,med,pen,health,salary; String name; PrintWriter output=new PrintWriter(new File("outputt.txt")); Scanner in = new Scanner(System.in); System.out.print("What is the Employees name? "); name=in.nextLine(); System.out.print("What is the Employees gross pay? "); pay=in.nextDouble(); fed=pay*.15; state=pay*.035; ss=pay*.0575; med=pay*.0275; pen=pay*.05; health=75; salary=pay-fed-state-ss-med-pen-health; output.printf("Gross Amount: $%.2f ", pay); output.printf("Federal Income Tax: $%.2f ",fed); output.printf("State Tax: $%.2f ",state); output.printf("Social Security Tax: $%.2f ",ss); output.printf("Medicare/Medicaid Tax:$%.2f ",med); output.printf("Pension Plan: $%.2f ",pen); output.printf("Health Insurance: $%.2f ",health); output.printf("Net Pay: $%.2f ",salary); output.close();a b } }

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