Question

Design a class named PayCheck. The class contains: the data fields firstName, lastName, annualSalary, filingStatus, and any data fields that are relevant to help you solve the problem.

Then write a program that asks the user to enter their first name, last name, annual salary, and how many children s/he has. A user may have no child at all.

Then calculate the taxable income for the user based on the rate available here http://taxfoundation.org/article/2016-tax-brackets under the table Estimated Income Tax Brackets and Rates. After calculating the taxable income, determine the earned income tax credit based on the rate available here http://www.cbpp.org/research/federal-tax/chart-book-the-earned-income-tax-credit-and-child-tax-credit

Specifically, refer to the two graphs "Earned Income Tax Credit for Households with one Child, 2016" and "Earned Income Tax Credit for Households with two Children, 2016" Only people that are heads of households or filing jointly qualify for the earned income tax credit. People who have more than 2 children do not qualify for any additional earned income tax credit other than the one outlined in the link above.

Then calculate the take home salary after the taxes and earned income credit.

Please write in Java, Thanks.

Answer 1

JAVA CODE:----------->>>>>>

import java.util.Scanner;

public class payCheck {
   public static void main(String args[]){
       Scanner in=new Scanner(System.in);
       System.out.print("Enter the First name\n");
       String first=in.next();
       System.out.print("Enter the Last name\n");
       String last=in.next();
       System.out.print("Enter the Annual Salary\n");
       int Asalary=in.nextInt();
       System.out.print("Enter the Filing Status\n");
       System.out.print("1.single\n");
       System.out.print("2.married\n");
       System.out.print("3.householder\n");
       String status =in.next();
       status.toLowerCase();
       System.out.print("Enter Number of children you have\n");
       int children=in.nextInt();
       double taxpercent=0;
       double eitc=0;
       taxpercent=payCheck.TaxpercentCal(status, Asalary,taxpercent);
       double IncomeTax=(taxpercent*Asalary)/100;;
      
       eitc=payCheck.EitcCal(Asalary,status, eitc,children);
      
       double homesalary=Asalary-IncomeTax+eitc;
       System.out.print("\n");
       System.out.print(first + last + " Annual Income Details are :\n\n");
       System.out.print("Income Tax Percent applicable to " + first + last + " is:- "+ taxpercent + "%\n\n");
       System.out.print( "Total Income tax Paid by " + first + last + " is:- "+ IncomeTax+"\n\n");
       System.out.print(" Earned Income Tax Credit received by " + first + last + " is:- "+eitc+"\n\n");
       System.out.print("Total Home Salary of" + first + last + " is:- "+homesalary+"\n");
      
       }

   public static double TaxpercentCal(String status,int Asalary,double taxpercent){
       if(status.equalsIgnoreCase("single")){
           if(Asalary<9275){
               taxpercent= 10;
           }
           else if(Asalary>=9275 && Asalary<37650){
               taxpercent= 15;
              
           }
           else if(Asalary>=37650 && Asalary<91150){
               taxpercent= 25;
           }
           else if(Asalary>=91150 && Asalary<192150){
               taxpercent= 28;
           }
           else if(Asalary>=192150 && Asalary<413350){
               taxpercent= 33;
           }
           else if(Asalary>=413350 && Asalary<415050){
               taxpercent= 35;
           }
           else{
               taxpercent= 39.6;
           }
          
       }
       else if(status.contentEquals("married")){
           if(Asalary<18550){
               taxpercent= 10;
           }
           else if(Asalary>=18550 && Asalary<75300){
               taxpercent= 15;
           }
           else if(Asalary>=75300 && Asalary<151900){
               taxpercent= 25;
           }
           else if(Asalary>=151900 && Asalary<231450){
               taxpercent= 28;
           }
           else if(Asalary>=231450 && Asalary<413350){
               taxpercent= 33;
           }
           else if(Asalary>=413350 && Asalary<466950){
               taxpercent= 35;
           }
           else{
               taxpercent= 39.6;
           }
          
       }
      
       else if(status.contentEquals("householder")){
           if(Asalary<13250){
               taxpercent= 10;
           }
           else if(Asalary>=13250 && Asalary<50400){
               taxpercent= 15;
           }
           else if(Asalary>=50400&& Asalary<130150){
               taxpercent= 25;
           }
           else if(Asalary>=130150 && Asalary<210800){
               taxpercent= 28;
           }
           else if(Asalary>=210800 && Asalary<413350){
               taxpercent= 33;
           }
           else if(Asalary>=413350 && Asalary<441000){
           taxpercent= 35;
           }
           else{
               taxpercent= 39.6;
           }
       }
      
       else{
           System.out.print("Enter Valid Status\n");
       }
       return taxpercent;
   }

   public static double EitcCal(int Asalary, String status,double eitc,int children){
       if(status.contentEquals("householder") && children==1){
           if(Asalary<10000){
               eitc=1500+((7/25)*(Asalary-5000));
           }
           else if(Asalary>=10000 && Asalary<20000){
               eitc =3400;
           }
           else if(Asalary>=20000 && Asalary<40000){
               eitc=1500-((17/100)*(Asalary-30000));
           }
           else{
               eitc=0;
           }
          
       }
       else if(status.contentEquals("householder") && children==2){
   if(Asalary < 15000){
       eitc=((2/15)*Asalary);
      
   }
   else if(Asalary>=15000 && Asalary<75000){
       eitc=2000;
   }
   else if(Asalary>=75000 && Asalary<112500){
       eitc=(-4/75)*(Asalary-112500);
   }
   else{
       eitc=0;
   }
       }
else if(status.contentEquals("married") && children==1){
   if(Asalary<10000){
           eitc=1500+((7/25)*(Asalary-5000));
       }
       else if(Asalary>=10000 && Asalary<25000){
           eitc=3400;
       }
       else if(Asalary>=25000 && Asalary<44000){
           eitc=3400-((17/95)*(Asalary-25000));
       }
       else{
           eitc=0;
       }
       }
else if(status.contentEquals("married") && children==2){
   if(Asalary < 15000){
       eitc=((2/15)*(Asalary));
   }
   else if(Asalary>=15000 && Asalary<112500){
       eitc=2000;
   }
   else if(Asalary>=112500 && Asalary<150000){
       eitc=(-4/75)*(Asalary-150000);
   }
   else{
       eitc=0;
   }
       }
      
else{
           System.out.print("Enter Valid Status\n");
       }
      
       return eitc;
   }
}

SAMPLE OUTPUT:---------------->>>>>>>

Problems @ Javadoc Declaration Console 3 <terminated> payCheck [Java Application] C:\Program FilesJavajre1.8.0_111\bin\javaw.exe (09-Nov-2016 7:07:21 PM) Enter tne Fir3t name narish Enter the Last name reddy Enter the Annual Salarjy 123456 Enter the Filing Status 1.single 2.married 3.householder single Enter Number of children you have 0 narisn reddy Annual Income Detall3 are Income Tax Percent applicable to haríshreddy is:-28.0% Total Income tax Paid by harishreddy is:- 34567.68 Earned Income Tax Credit received by harishreddy is:- 0.0 Total Home Salary ofharishreddy is:- 88888.32