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How to write a java program for Tax Management System? Write a Java program that will calculate tax for the employees of a company called
How to write a java program for Tax Management System?
Write a Java program that will calculate tax for the employees of a company called XYZ. The main memu of the tax calculation program is as fo lows. Welcome to Tax Management System of XYZ Please select one of the following options 1. Calculate tax 2. Search tax 3. Exit When 1 is selected then the program will calculate the tax of an employee based on the annual income of the employee and tax rates on the income. The tax rates on the income is stored in a file called taxrates.txt. The program needs to read the taxrates.txt file and store the information in proper data structure. If the taxrates.txt file does not exist in the directory of the source code then the program should ask to provide the taxrates.txt file as an input. The format of the taxrates.txt file is as follows Taxable Income Ta on Income 0 $18,200 $18,201 - $37,000 19c for each $1 over $18,200 $37,001-S87,000$3,572 plus 32.5c for each $1 over $37,000 $87,001-S180,000 $19,822 plus 37c for each $1 over S87,000Step by Step Solution
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