Unreported Exception - Must Be Caught Or Declared To Be Thrown

I am getting the above error and am not sure which direction to proceed. In the class, the only way we have discussed getting user input is by System.in.read. I have searched and apparently found better methods for getting user input, but wanted to stick with what has been presented thus far.

Assignment Directions:

1. Create a new class named “valuemethod”

2. Create a new method named “Main”

3. In Main Write the code that will call the method EnterPay and YearlySal

4. Create a new method named “EnterPay”

5. In the EnterPay method Write the code that asks the user to input their hourly wage. Use the formula to calculate their yearly salary: wage * 2040. Return the yearly salary to the main method

6. In the main method write the code that will display this: “Your yearly salary is:

Java Code:

package valuemethod;
public class Valuemethod
{
public static void main(String[] args)
//throws java.io.IOException -- moved to EnterPay

[Code] .....