JAVA PROGRAM (STARTER FILE PROVIDED)

You have been asked to write a program to calculate income tax for a local Certified Public Accountant (CPA). You do not know how many customers will need to be served so your program will have to repeat the process until the last customers taxes have been calculated (use -1 for Customer ID to stop).

Input

Your program must take the following input:

Customer ID Number (int)

Total earnings for the year (double)

Federal taxes withheld (double)

State taxes withheld (double)

Amount of tax deductions (double)

Once you are confident your program runs, use the following dataset to run your program. Also, include three customers of your own.

Customer ID	Total Earnings	Federal Taxes W/H	State Taxes W/H	Deductions
101	$65,000	$12,000	$1,500	$5,000
102	$12,000	$2,100	$200	$3,000
103	$24,500	$2,000	$400	$0
104	$38,775	$8,965	$675	$2,575
105	$17,680	$2,350	$545	$1,300

Calculating Federal Tax

People who earn more money have to pay a higher percentage of their income to taxes. As a persons income increases, there are transition points, called tax brackets, where additional taxes are paid. Assume the following tax brackets.

Income Bracket	Tax Rate (%)
$0 10,000	0%
$10,001 20,000	15%
$20,001 40,000	20%
Over $40,000	30%

If a person made $65,000 with $5,000 in deductions, the taxable income would be $60,000 ($65,000 - $5,000). Federal taxes would look like this:

Income Bracket	Tax Rate (%)	Taxable Income ($)	Federal Taxes ($)
$0 10,000	0%	$10,000	$0
$10,001 20,000	15%	$10,000	$1,500
$20,001 40,000	20%	$20,000	$4,000
Over $40,000	30%	$20,000	$6,000
Total		$60,000	$11,500

Calculating State Tax

To calculate state income tax, simply multiply the total Federal taxes due ($11,500) by 7% ($805).

Calculating Refunds

To calculate refunds (or additional taxes due), subtract Federal taxes from Federal taxes withheld. Do the same for state taxes. A customer receiving a refund should have a positive value. Those owing additional taxes should be negative.

USE STARTER FILE BELOW:

public class TaxAccountant {

{

// declare variables

int customerID;

double totalEarnings = 0.0;

double federalTaxesWH = 0.0;

double stateTaxWH = 0.0;

double deductions = 0.0;

double taxableIncome = 0.0;

double federalTax = 0.0;

double stateRefund = 0.0;

double stateTax = 0.0;

double federalRefund = 0.0;

// Create a Scanner input object

// Begin first customer

// Get first Customer ID

while( )

{

// Get income and withholding information

// Calculate taxes due/refunds

// Add data to output String

// Get next Customer ID

}

// Print out table of data and end program

}

}

Output Use the following format for your output. NOTE: If you test your program with these numbers, it should produce the exact same output if it is running properly. Cus Taxable Federal State Federal State Federal State ID Income Deductions Income xTx W Refund Refund $0 $0 $2000 $150 $2000 $150 200 65000 $5000 $60000 $11500 $B05 $12000 $1000 $500 $195 00 $9000 50 9000