you found an exciting summer programming job for five weeks. It pays $15.50 per

Question

you found an exciting summer programming job for five weeks.  It pays $15.50 per hour.  Suppose that the total tax you pay on your summer job income is 14%.  After paying the taxes, you spend 10% of your net income to buy new clothes and other accessories for the next school year and 1% to buy school supplies.  After buying clothes and school supplies, you use 25% of the remaining money to buy saving bonds.  For each dollar you spend to buy savings bonds, your parents spend $0.50 to buy additional savings bonds for you.  Write a program that prompts the user to enter the pay rate for an hour and the number of hours you worked each week.  The program then o utputs the following: your income before and after taxes from your summer job

Explanation / Answer

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import java.util.*;
public class main
{public static void main(String args[])
{double pay;
double tax=14/100.;
double clothes=10/100.;
double supplies=1/100.;
double bonds=25/100.;
double income,taxes,clothesetc,school,savingsbonds,parents;
int hours=0,h,i;
Scanner in=new Scanner(System.in);
System.out.print("Enter your hourly salary: ");
pay=in.nextDouble();
System.out.print("Enter hours worked each week ");
for(i=1;i<=5;i++)
   {System.out.print("week "+i+": ");
   h=in.nextInt();
   hours+=h;
   }
income=hours*pay;
System.out.println("income before taxes: $"+income);
taxes=income*tax;
income-=taxes;
System.out.println("income after taxes: $"+income);
clothesetc=income*clothes;
System.out.println("The money you spend on clothes and other accessories $"+clothesetc);
income-=clothesetc;
school=income*supplies;
income-=school;
System.out.println("The money you spend on school supplies $"+school);
savingsbonds=income*bonds;
System.out.println("The money you spend on saving bonds $"+savingsbonds);
parents=savingsbonds/2.;
System.out.println("The money your parents spend on saving bonds $"+parents);

}}

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