/****************************************************************************** * This program computes FICA taxes. * * Copyright © 2017, 2020 Richard Lesh. All rights reserved. *****************************************************************************/ import org.pureprogrammer.Utils; public class FICA1 { static final double SS_TAX_RATE = 0.062; static final double MEDICARE_TAX_RATE = 0.0145; static final double ANNUAL_SALARY = 60000.0; public static void main(String[] args) { final double GROSS_PAY = ANNUAL_SALARY / 12.0; final double SS_TAX = GROSS_PAY * SS_TAX_RATE; final double MEDICARE_TAX = GROSS_PAY * MEDICARE_TAX_RATE; final double NET_PAY = GROSS_PAY - SS_TAX - MEDICARE_TAX; System.out.println(Utils.format("Gross Pay: ${0:.2f}", GROSS_PAY)); System.out.println(Utils.format("Social Security Tax: ${0:.2f}", SS_TAX)); System.out.println(Utils.format("Medicare Tax: ${0:.2f}", MEDICARE_TAX)); System.out.println(Utils.format("Net Pay: ${0:.2f}", NET_PAY)); } }