*4.23 (Financial application: payroll) Write a program that reads the following information
and prints a payroll statement:
Employee’s name (e.g., Smith)
Number of hours worked in a week (e.g., 10)
Hourly pay rate (e.g., 9.75)
Federal tax withholding rate (e.g., 20%)
State tax withholding rate (e.g., 9%)
A sample run is shown below:
Enter employee's name: Smith
Enter number of hours worked in a week: 10
Enter hourly pay rate: 9.75
Enter federal tax withholding rate: 0.20
Enter state tax withholding rate: 0.09
Employee Name: Smith
Hours Worked: 10.0
Pay Rate: $9.75
Gross Pay: $97.5
Deductions:
Federal Withholding (20.0%): $19.5
State Withholding (9.0%): $8.77
Total Deduction: $28.27
Net Pay: $69.22
import java.util.Scanner;
public class ProgrammingEx4_23 {
public static void main(String[] args) {
Scanner input = new Scanner(System.in);
System.out.print("Enter employee's name:");
String name = input.nextLine();
System.out.print("Enter number of hours worked in a week:");
double hours = input.nextDouble();
System.out.print("Enter hourly pay rate:");
double rate = input.nextDouble();
System.out.print("Enter federal tax withholding rate:");
double ftax = input.nextDouble();
System.out.print("Enter state tax withholding rate:");
double stax = input.nextDouble();
System.out.println("Employee Name:" + name);
System.out.println("Hours Worked:" + hours);
System.out.println("Pay Rate: $" + rate);
System.out.println("Gross Pay: $" + rate * hours);
System.out.println("Deduction:");
System.out.printf("Federal Withholding (%.1f%%): $%.2f\n", ftax * 100,
ftax * rate * hours);
System.out.printf("State Withholding (%.1f%%): $%.2f\n", stax * 100,
stax * rate * hours);
System.out.printf("Total Deduction: $%.2f\n", (stax + ftax) * rate
* hours);
System.out.printf("Net Pay: $%.2f\n", (1 - stax - ftax) * rate * hours);
}
}
