Write a complete java program that calculates the local annual tax for residents in where they live.

Input:

Annual income of a resident in dollar amount

Age of the resident. If the age is 60 or older, this resident is regarded as a senior person.

Processing:

The tax rate for any individual with an annual income $50,000 or less is zero. The tax rate for any individual with an annual income $100,000 or less but more than $50,000 is 7%. Other people will have a tax rate of 9%.

Second, determine the senior discount. If a resident has a non-zero tax rate after Step 2.1 and is also a senior, his/her tax rate shall be reduced by 3%.

At the end, with the tax rate finalized through steps 2.1 - 2.2, calculate the tax.

Output: Display the following items with proper prompt.

Tax amount

Tax rate

Senior discount percentage rate if applied.

Calculation:

tax_amount = income * tax_rate

senior_discount_percentage_rate = tax_rate - 0.03

senior_tax_amount = income * senior_discount_percentage_rate

Test scenarios and sample outputs:

Please enter your income and age: 44444 20 Your tax amount is: 0.00 Your tax rate is: 0.00 % Please enter your income and age: 88888 20 Your tax amount is: 6222.16 Your tax rate is: 7.00 % Please enter your income and age: 222222 20 Your tax amount is: 19999.98 Your tax rate is: 9.00 % Please enter your income and age: 44444 77 Your tax amount is: 0.00 Your tax rate is: 0.00 % Please enter your income and age: 88888 77 Your tax amount is: 3555.52 You are qualified for senior discout. Your senior discount percentage rate is: 4.00 % Please enter your income and age: 222222 77 Your tax amount is: 13333.32 You are qualified for senior discout. Your senior discount percentage rate is: 6.00 %