2-18 Contribution

Post date: Jan 22, 2014 1:48:19 PM

// This program calculates the amount of pay that

// will be contributed to a retirement plan if 5%,

// 8%, or 10% of monthly pay is withheld.

package contribution;

public class Contribution 

{

    public static void main(String[] args) 

    {    

            // Variables to hold the monthly pay and

            // the amount of contribution.

            double monthlyPay = 6000.0;

            double contribution;

            // Calculate and display a 5% contribution.

            contribution = monthlyPay * 0.05;

            System.out.println("5 percent is $" + contribution + " per month.");

            // Calculate and display an 8% contribution.

            contribution = monthlyPay * 0.08;

            System.out.println("8 percent is $" + contribution + " per month.");

            // Calculate and display a 10% contribution.

            contribution = monthlyPay * 0.1;

            System.out.println("10 percent is $" + contribution + " per month.");

    }    

}