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Write a Java program that calculates and prints the monthly paycheck for an employees

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Write a Java program that calculates and prints the monthly paycheck for an employees. The net pay is calculated after taking the following deductions: Federal Income Tax: 15% State Tax 3.5% Social Security Tax 5.7% Medicare Tax 2.75% Health Insurance $75.00 (2) Your program should prompt the user to input the gross amount and the employee name. The output will be stored in a file. Format your output to have 2 decimal places. The output as follows: Ryan smith Gross Amount: $ Federal Tax $ Social Security Tax $ Medicare Tax $ Health Insurance $ Net Pay $

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Write a Java program that calculates and prints the monthly paycheck for an employees. The net pay is calculated after taking the following deductions: Federal Income Tax: 15% State Tax 3.5% Social Security Tax 5.7% Medicare Tax 2.75% Health Insurance $75.00 (2) Your program should prompt the user to input the gross amount and the employee name. The output will be stored in a file. Format your output to have 2 decimal places. The output as follows: Ryan smith Gross Amount: $ Federal Tax $ Social Security Tax $ Medicare Tax $ Health Insurance $ Net Pay $

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