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MBA IT, Mater in Science and Technology
Devry
Jul-1996 - Jul-2000
Professor
Devry University
Mar-2010 - Oct-2016
Youre the only reliable i can trust. ull come every week. Its JAVA
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ITM-200
Lab-3 Tax Calculation
Write a program that will input 'income' for a person then it will calculate Federal Tax based on the
following:
Federal Tax Rules:
15% on the first $45,282 of taxable income, +
20.5% on the next $45,281 of taxable income (on the portion of taxable income over $45,282 up to
$90,563), +
26% on the next $49,825 of taxable income (on the portion of taxable income over $90,563 up to
$140,388), +
29% on the next $59,612 of taxable income (on the portion of taxable income over $140,388 up to
$200,000), +
33% of taxable income over $200,000.
Sample Input / Output:
Income:
Enter Income: 50000
Output:
Federal Tax: 7759.49
Income:
Enter Income: 230000
Output:
Federal Tax: 56217
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