2. Write a Java program to calculate and print the monthly paycheck for an employee. The net pay is calculated after taking the following deductions: Federal income tax = 15% State income tax =5% Social security tax = 5% Medicare/Medicaid Pension plan = 3% = 8% Health insurance $125.00 Your program should ask the user to input the employee ID, last name, first name, and the earnings (gross amount) for current month. The output should be the net pay, after deductions. Format the output to have 2 decimal places. Sample output: Employee ID: Employee Name: 12345 John Doe EARNINGS 4500.00 Federal Tax 675.00 State Tax 225.00 Social Security 225.00 Medicare/Medicaid 135.00 Pension Plan 360.00 Health Insurance 125.00 NET PAY 2755.00 I3D

Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
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Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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Question
2. Write a Java program to calculate and print the monthly
paycheck for an employee. The net pay is calculated after taking
the following deductions:
Federal income tax
State income tax
15%
5%
%3D
Social security tax
Medicare/Medicaid
Pension plan
5%
%3D
3응
%3D
8웅
%3D
Health insurance
$125.00
%3D
Your program should ask the user to input the employee ID, last
name, first name, and the earnings (gross amount) for current
month. The output should be the net pay, after deductions.
Format the output to have 2 decimal places.
Sample output:
Employee ID:
Employee Name:
12345
John Doe
EARNINGS
4500.00
Federal Tax
675.00
State Tax
225.00
Social Security
225.00
Medicare/Medicaid
135.00
Pension Plan
360.00
Health Insurance
125.00
=====
===== =
===
NET PAY
2755.00
Transcribed Image Text:2. Write a Java program to calculate and print the monthly paycheck for an employee. The net pay is calculated after taking the following deductions: Federal income tax State income tax 15% 5% %3D Social security tax Medicare/Medicaid Pension plan 5% %3D 3응 %3D 8웅 %3D Health insurance $125.00 %3D Your program should ask the user to input the employee ID, last name, first name, and the earnings (gross amount) for current month. The output should be the net pay, after deductions. Format the output to have 2 decimal places. Sample output: Employee ID: Employee Name: 12345 John Doe EARNINGS 4500.00 Federal Tax 675.00 State Tax 225.00 Social Security 225.00 Medicare/Medicaid 135.00 Pension Plan 360.00 Health Insurance 125.00 ===== ===== = === NET PAY 2755.00
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