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.");

}

}