Question: Write a Java program that calculates and prints the monthly pay check for an employee. The net pay is calculated after taking the following deductions:

Write a Java program that calculates and prints the monthly pay check for an employee. The net pay is calculated after taking the following deductions:

Federal Income Tax: 15%

State Tax: 3.5%

Social Security Tax: 5.75%

Medicare/Medicaid Tax: 2.75%

Pension Plan: 5%

Health Insurance: $75.00

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