Write a program to calculate the property tax. Property tax iscalculated on 92%

Question

Write a program to calculate the property tax. Property tax iscalculated on 92% of the assessed value of the property. Forexample, if the assessed value is 100000, the property tax is on92000. Assume that the property tax rate is $1.05 for each $100 ofthe assessed value. Your program should prompt the user to enterthe assessed value of the property.Store the output in a file inthe following sample format:

AssessedValue:                $100000.00              
TaxableAmount:                 $92000.00
Tax rate for each $100.00:    $1.05
PropertyTax:                          $966.00

Format your output to have two decimal places.

Explanation / Answer

please rate - thanks import java.util.*; import java.io.*; public class untitled { public static void main(String []args)throwsFileNotFoundException {double value,taxable,rate=1.05,tax; PrintWriter output=new PrintWriter(new File("output.txt")); Scanner in = new Scanner(System.in); System.out.print("What properties assessed value? "); value=in.nextDouble(); taxable=value*.92; tax=taxable/100.*(rate/10.); output.printf("AssessedValue:             $%.2f ", value); output.println(); output.printf("TaxableAmount:             $%.2f ",taxable); output.println(); output.printf("Tax rate for each $100.00:   $%.2f",rate); output.println(); output.printf("PropertyTax:               $%.2f ",tax); output.close(); } }

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