Java Programming

Write a program to calculate the property tax. The property tax is calculated on 92% of the assessed value of the property. For example, if the assessed value is $100000, the property tax is on $92000. Assume the property tax rate is $1.05 for each $100 of the assessed value. Your program should prompt the user to enter the assessed value of the property. Store the output in a file in the following sample format:

Assessed Value: $ 100000.00

Taxable Amount: $ 92000.00

Tax Rate for each $100.00: $ 1.05

Property Tax: $ 966.00

Format your output to two decimal places.