IDENTITFICATION:       "pay3"
Source file name is "XYZpay3.java" (where "XYZ" are your initials).
Payroll project, version 3, for CS16 term project (Spring 2008).

PURPOSE:
Calculate weekly payroll information for each employee, including:

· gross-pay · deductions · taxes · net-pay

Output a "paystub" and "paycheck" for each employee.
Also, produce a payroll "summary" report for management, including:

total payroll amount total deductions total taxes number of employees working, this week number of employees receiving overtime, this week

DESCRIPTION:
Write a Java program to do the following for each employee:   [See references, below]:

1. Read "Employee Data" [I1] and "Weekly Data" [I2]
2. Calculate results [P1] needed for outputs, etc.
3. Output both the "paystub" [O1] and the "paycheck" [O2].

INPUT from keyboard, for each employee:
NOTE:  See [R1]. [R2]. etc for further restrictions on input values
(to be enforced by validation programming in the input methods).

I1 Employee Data:
Symbol	Description	Example	Notes & restrictions
id	Employee ID number	9842	4 digits Zero indicates no more employee data
name	Employee Name (Last, First Mid-init.)	Adams, John Q.	Comma after last name, period after Initial Space required before Initial;. (Other spaces optional.)
rate	Hourly pay rate.	12.75	(In dollars, with cents as a 2-place decimal.)
code	Overtime code	2	Must be 1, 2, 3, 4, or 5.
numdep	Number of dependents	3	(A whole number; may be zero; not negative.)
I2 Weekly Timeclock Data:
Symbol	Description	Example	Notes & restrictions
hours	Hours worked, this week	47.2	Hours, to the nearest tenth. (Tenths, only no hundredths.)

Note: Enforcment of input restrictions should be added gradually to the input methods, in your term project. If the input value violates a restriction, display an informative message, and prompt again for the input. However, it is not necessary (or advisable) to add these validations immediately; the program may be developed and (partially) tested without them.

OUTPUT to video display terminal.

Pay-stub:   Output the following calculated values (plus any other input data appropriate for a weekly pay-stub for an employee). Make sure that each value is appropriately identified, so that the user knows what it means. gross-pay deductions taxes net-pay

Paycheck:   Also output a simulated paycheck, similar to the following: National Widget Corp. 15 March 2008 Pay to the order of: ______John Q. Adams__________ The sum of: $634.32 First National Bank of Fredonia Signature:_______________________

Report: When employee payroll processing is done, produce a payroll "summary" report for management, including: Total payroll amount Total deductions Total taxes   Number of employees working, this week Number of employees receiving overtime, this week

CALCULATIONS

• Gross pay is calculated as follows (based on code, rate, and hours):
  1. For code 1, each hour up to 40 is paid at the employee's "rate" and any time above 40 hours is paid at "time-and-a-half". For example, an employee who earns $10 per hour is paid $400 for the first 40 hours and $15 per hour thereafter, so that the pay for 45 hours would be $475.
  2. Inelgible for overtime; multiply rate by hours.
  3. Executive pay:   pay 40 hours at specified rate, regardless of hours worked this week.
  4. (Treat the same as code 2, until further noticeI>
  5. (Treat the same as code 2, until further notice
• Deduction amount is computesd as follows:
  • Standard deduction is $50 plus $25 per dependent.
  • This is in addition to a deduction of 10% of the gross pay (before the standard deductions).
  However, the total deduction can never be negative, and it must be set to zero if it exceeds the gross amount.
• Taxes shall be computed as follows:
  • For "pay3" the tax rate is a flat 10% of the "adjusted amount, which is what is left after the deductions, (Don't I wish?!!!)
    (For later revisions, a table will ispecify the tax based on this"adjusted amount.)
• Net pay is simply the gross-pay minus deductions and minus taxes (if there is anything left!)