CPAN112 – Fundamentals of Numeric Computing – Assignment 01

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Fundamentals of Numeric Computing

CPAN 112

Income Tax lab

Program and Assignment

 

Write a program to compute Income Tax and use the table given below

  1. Ask user to enter the name and the annual gross pay and write conditional statement to find the income tax
  2. Run your program for three different salaries and take the screen shot for each output
    • 50000
    • 120,000
    • 200,000
  3. Make a word document, copy and paste the codes and the three screenshots showing the output

2018 Federal income tax brackets and tax rates are as follow

 $46 605 or less 15% of the taxable income less than or equal to $ 46 605
Over 46 605 up to $93208 20.5 % of the taxable income greater than $46605 less than or equal to $ 93 208 plus
Over $93208 and up to $ 144 489 26% of the taxable income greater than $93208 less than or equal to $ 144 489 plus
Over $ 144489 up to $ 205 842 29 % of the taxable income greater than $144 489 less than or equal to $ 205 842
Over $ 205 842

33 % of the taxable income greater than $$205 842

Answer:

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