Calculate and print the monthly paycheck for an employee

Assignment Help Computer Engineering

Reference no: EM132200840

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   = 3%
    Pension plan        = 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.

NOTE: This is all about formatting the output

Sample output:

Employee ID:                     12345
Employee Name:                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

Reference no: EM132200840

Questions Cloud

What would a realist think of the given ngo actions : What variables might determine the level of influence that an international NGO can wield in the international system? What would a Realist think of these NGO.

Draw the indifference curve the given bundle lies on : Now suppose Sonia meets up with other local candidates who are willing to trade their volunteers' time. Volunteers are still only willing to perform the task.

Calculate the maximum you would be willing to pay : Show your work. Imagine you have an investment opportunity A that is guaranteed to earn you a 5% annual return, for example, if you invest $1000 today.

Dijkstra shortest path algorithm and bellman-ford : Compare and contrast this two algorithm: Dijkstra's Shortest Path Algorithm and Bellman-Ford's Shortest Path Algorithm.

Calculate and print the monthly paycheck for an employee : Write a Java program to calculate and print the monthly paycheck for an employee.

Security policy for handling user accounts : Discuss the key issues that should be addressed in a security policy for handling user accounts/rights for an employee?

Write a java program that declares a radius value : Write a java program that declares a radius value as an integer of your choice and then calculates and prints the area.

Determine how the merger is been done : Government with an intention to scrutinize the mergers between companies came up with Anti trust law, which regulates how the merger is been done.

Pros and cons of the lowest and highest frequencies : What is the range of radio frequencies in wireless technologies; and what are the pros and cons of the lowest and highest frequencies?

User Account

All Pages