Then create a new Java application called "IncomeTax" (without the quotation marks) that prompts a user for his or her marital status (single or married) and annual income (a double value), and then uses nested if statements to compute that person's tax, based on the simplified tax-rate table below.Be sure to provide suitable data entry prompts for the marital status.Format any currency output to appear as a leading "$" and two decimal positions (e.g. $1,200.00, $67,000.00).Also, update the output example's currency values to include "," for currency amounts.Output of your program should look close to the following and should be constructed using both String literals and variables for income, tax rate, and income tax.Note the requirement for this program to use nested if statements. This requirement is intended to help you build some logic with good formatting.Use comments to help readers understand your code.

In the question, the tax rate table is missing. The below answer is provided with the following…

Answered: Then create a new Java application…

Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

Problem 1PE

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Then create a new Java application called "IncomeTax" (without the quotation marks) that prompts a user for his or her marital status (single or married) and annual income (a double value), and then uses nested if statements to compute that person's tax, based on the simplified tax-rate table below.

Be sure to provide suitable data entry prompts for the marital status.
Format any currency output to appear as a leading "$" and two decimal positions (e.g. $1,200.00, $67,000.00).
Also, update the output example's currency values to include "," for currency amounts.

Output of your program should look close to the following and should be constructed using both String literals and variables for income, tax rate, and income tax.

Note the requirement for this program to use nested if statements. This requirement is intended to help you build some logic with good formatting.
Use comments to help readers understand your code.

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