Please help Read the description from the image down below and use Java to programAlso please create a list of 26 CEO’S which includes there first name and last, the company they are the ceos of, and there salary’s all in one line like the example is the second photoAlso Complete the fallowing program. The better formatted and interesting youroutput and inputs the better chance you have of pleasing your customer.Revenue Canada wants you to develop a program that calculates the tax owed for the toptwenty CEOS in Canada, You will need to create a file containing the CEO's names, theircompany name arnd iheir arnual salary in separate lines, You can choose a different group ofpeople if you like.Kevin LoughreyThompson Creek Metals Co. Inc.3356000.00Here is an example of how the file shouldlook like. Note that this example onlycontains data for 6 people. You will needto research the information and add toMoin methedJames Balsillie1. Setp the taomper fie for input2. Setup the tonto file fer utpat3. For the first twerty recerdea. Reed one recend troe the tooerer fie (Nare. Compony, Salary)b. Sove inte re ara (String. String de)c. If solory 10000000 00Research In Motion Ltd.141594333.00your own text file.Prem WataaFairfax Financial Holdings Ltd.arkRed Back Mining Inc.L tarkate 0.00a. atherw3310667.00i tRate 53.00Calculete the tax owed ( cal methad colc Texlslary, tukatelf. Wnte the recardte the toxinfa fik4. Cloca the tepayer file5. Close the turete fk. Displey estotus messr en the screen (e g recerds stored in fik.)John ShackletonYour task is to develop a program thatcalculates the tax owed for these CEOS,displays this information and saves it intoa second file named taxInfo.txt.Open Text Corp.4861667.00John WrightPetrobank Energy and Resources Ltd.4353333.00the recerds on the soreenTo get you started, software experts atRevenue Canada have provided you with the following IPO chart and pseudo code.Omer methods:caleTex methed (double salary, double tarate) returs tex eved1. fex oved i selery * taxrote / 1006 Return tax owedIPO ChartThe output tile et yr progrem sheuld loekke for the first a records:Taxpayer file - taxpayer txt containing Name (string), Company information(string), Salary (double)If salary is less than or equal to $10000000,00Tax rate is 40%InputCerin LenyThongsan Creek Mettole G. IncProcessing336000.001342400.00Jomes esleTax owed is equal to salary times the tax rateElseRescarch In Metion Ld.14159133300Tax rate is 53 %75044996 49Prem WatseTax owed it equal to salary times the tax rateTax information file - taxInfo.txt AND screen output containingName (String) Compony (String), salary (double), Tax Owed (double)Forfox Financial Holdingt Ltd.619,000 00247600.00Output 1Louis, Vachon, National Bank ofCanada, 105000002 Randall, Eresman, EnCanaCorp., 10300000

import java.io.File;import java.io.FileNotFoundException;import java.io.FileWriter;import…

Complete the fellewing progrom. The output and inputs the better chance you have of pleasing your customer. formatted and interesting your Revenue Canoda wants you to develep a program that calculates the tex owed for the top twenty CEOS in Conada. Yeu will need te create a file contoining the CEO's nomes, their company name and iheir annual selary in seporate lines. You can choese a different group ef people if you like. Kevin Loughrey Here is an example of how the file should Thompson Creek Hetais Co. Ine. look like. Note thet this example only contains data fer 6 people. You will need to research the infermatinn and add to your own text filk.. 3356000.00 Janes Balsilie Reaearch In Motion Led. ! Sehe r fie fer 2 Sete he tte fie fer pe a Frthe fin tty recer 4 Reed ona recend troe the erer fie re. Compony. Selary Sote Sr ery 0000e e 141594333.00 Prem Kataa Fairfax Finaneial Holdings Ltd. ark kate00 d a Mining Inc. 3310667.00 4 te Calete the ter nd ( e method onieleiry. takate 1. Wnte he recard he ate t 4 C he er e s. C he te Diy Dpie the reerde n John Shackleton Open Text Corp. 4861667.00 Your tesk is to develop a program thet calculates the tax owed for these CEOS. displeys this information and soves it inte Petrobank Energy and Resources Ltd. a second file named taxinte.txt. John Kright en g recrds red t 00 533נ> ay date rt re te d To get you started, software experts at Revenue Canada have provided yeu with the following IPO chart and pseude cede. IPO Chert The ovtput fe ef yur propron sheds bee farhe fire a recor Taxpoyer file - texpayer.txt containing Nane (string), Company information (string). Solery (double) If salary is less than or equel to $10000000.00 Input Processing ferin gy Thompn Cree Metir e. Iac Tex rete is 40% Tex owed is equel to salary times the tax rate Else Tax rete is 53 % Tex owed it equel to salory times the tax rate Tax information file - texinfo. txt AND screen output centaining Nome (String) Compony (String), salery (deuble). Tax Owed (deuble) Jeen e 7504 4 Pe Forto Fel 200000 Output