Make a monthly payroll in JAVA (filename: payroll.java)

7 methods should be created which will be the following.

1-. Calculate the federal tax: If earnings are less than $8,000, the federal tax is 0, if total earnings are less than $15, 000, federal tax is 4% of income, if total earnings are less than $30,000 tax is 8% of income, anything else, tax is 12% of income

2-. Calculate provincial tax: earnings less than $10,000 provincial tax is 0, if earnings less than $20,000 provincial tax is 6%; if earnings less than $25,000 provincial tax is 10%; anything above $25,000 provincial tax is 14%

3-. CPP deduction calculation: if total earnings are less than $2,000 it is 0, if earnings higher than $2,000 the deduction is 7%, an employee could only contribute with $2,500 in one year

4-. Medical insurance deduction: it is 1.2% of the income, an employee could only contribute with $1,000 in one year

5-. total payroll deduction is the sum of the previous 4 deductions and taxes

6-. The total paycheck amount is the employees income minus the result of step 5

7-. Display the table (first print the income for the user to type it, then print the rest of the table)

sample of the output

Income: $ 12,000.00

Federal Tax: $ 480.00

provincial Tax: $ 720.00

CPP deduction: $ 840.00

Medical deduction: $ 144.00

Total paycheck: $ 9,816