Prg 420 Week 3 Individual Simple Commission Calculation Program Part 2

PRG 420 Week 3 Individual Simple Commission Calculation Program Part 2

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Modify the Week Two Java™ application using Java™ NetBeans™ IDE to meet these additional and changed business requirements:
 
·         The company has recently changed its total annual compensation policy to improve sales.
 
·         A salesperson will continue to earn a fixed salary of $50,000. The current sales target for every salesperson is  $120,000
 
·         The sales incentive will only start when 80% of the sales target is met. The current commission is 5% of total sales.
 
·         If a salesperson exceeds the sales target, the commission will increase based on an acceleration factor. The acceleration factor is 1.25
 
·         The application should ask the user to enter annual sales, and it should display the total annual compensation.
 
·         The application should also display a table of potential total annual compensation that the salesperson could have earned, in $5,000 increments above the salesperson’s annual sales, until it reaches 50% above the salesperson’s annual sales.
 
Sample Table: Assuming a total annual sales of $100,000, the table would look like this:
 
|Total Sales           |Total Compensation                         |
|100,000               |               |
|105,000               |               |
|110,000               |               |
|115,000               |               |
|120,000               |               |
|125,000               |               |
|130,000               |               |
|135,000               |               |
|140,000               |               |
|145,000               |               |
|150,000               |               |
|                      | ...