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Write a Java program with the following specifications:

Write a Java program with the following specifications:

Database System Concepts
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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Please make the output of this code to a 2 decimal points

Write a Java program with the following specifications: 1. Define the attributes of the PaySlip class. Define the constructor for this class. 2. Define the setters (mutators) and the getters (accessors) for the PaySlip class. 3. Define also the custom methods in the PaySlip class as follows but not limited to determineWithholding Tax( ) and computeCompensation( ). 4. Input the employee name, basic salary, and number of overtime (OT) hours. Data input should be done in the main method. The final output as described in #9 should be generated in the main method, as well. 5. Use the table below to compute the withholding tax. Monthly Gross Income and Withholding Tax Details But Not Over Over Withholding Tax 20,000 31,000 0% 20,000 20% of the excess over 20,000 31,000 61,000 154,000 615,000 61,000 154,000 615,000 2,300 + 25% of the excess over 31,000 10,000 + 30% of the excess over 61,000 38,000 + 32% of the excess over 154,000 185,000 + 35% of the excess over 615,000 6. The computation is as follows: Gross income = basic salary + OT pay OT pay = no. of OT hours * 1% of basic salary Net pay = gross income - withholding tax - other deductions Withholding tax = based on the table above 7. The following are the other deductions: SSS = 13% of the basic salary Pag-ibig = 2% of the basic salary Philhealth = 3.5% of the basic salary, maximum of 2,450 8. Use the Philippine Peso currency and 2 decimal places for all the monetary value display. 9. The output should contain the following: Date Generated (This is the system date.) Employee Name Basic Salary No. of OT Hours ОТ Раy Gross Income Withholding Tax Other Deductions: SS Pag-ibig PhilHealth Net Pay
Transcribed Image Text:Write a Java program with the following specifications: 1. Define the attributes of the PaySlip class. Define the constructor for this class. 2. Define the setters (mutators) and the getters (accessors) for the PaySlip class. 3. Define also the custom methods in the PaySlip class as follows but not limited to determineWithholding Tax( ) and computeCompensation( ). 4. Input the employee name, basic salary, and number of overtime (OT) hours. Data input should be done in the main method. The final output as described in #9 should be generated in the main method, as well. 5. Use the table below to compute the withholding tax. Monthly Gross Income and Withholding Tax Details But Not Over Over Withholding Tax 20,000 31,000 0% 20,000 20% of the excess over 20,000 31,000 61,000 154,000 615,000 61,000 154,000 615,000 2,300 + 25% of the excess over 31,000 10,000 + 30% of the excess over 61,000 38,000 + 32% of the excess over 154,000 185,000 + 35% of the excess over 615,000 6. The computation is as follows: Gross income = basic salary + OT pay OT pay = no. of OT hours * 1% of basic salary Net pay = gross income - withholding tax - other deductions Withholding tax = based on the table above 7. The following are the other deductions: SSS = 13% of the basic salary Pag-ibig = 2% of the basic salary Philhealth = 3.5% of the basic salary, maximum of 2,450 8. Use the Philippine Peso currency and 2 decimal places for all the monetary value display. 9. The output should contain the following: Date Generated (This is the system date.) Employee Name Basic Salary No. of OT Hours ОТ Раy Gross Income Withholding Tax Other Deductions: SS Pag-ibig PhilHealth Net Pay
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