Algorithms and proplem solving

java program

Exercise #5: Write a program which calculates and prints the monthly paycheck for an employee. The net salary is calculated after the following deductions and additions: Deducations: Additions: Retirement Plan: 5% Housing Allowence: 20% Health Insurance: 750 AED Transportation Allowence: 200 Your program should prompt the user to input the gross amount. The output should be like this: Gross Amount: 10000.00 ***************** Retirement Plan: - 500.00 AED Health Insurance: - 750.00 AED Housing Allowence: + 2000.00 AED Transportation Allowence: + 200.00 AED * ** * * * ** * * * ** * * * ** * * ** * * ** * * * ** * Net Salary: 10950.00 AED