Income Tax The original U.S. income tax of 1913 was quite simple. The tax was: ● 1 percent on the first $50,000. ● 2 percent on the amount over $50,000 up to $75,000. ● 3 percent on the amount over $75,000 up to $100,000. ● 4 percent on the amount over $100,000 up to $250,000. ● 5 percent on the amount over $250,000 up to $500,000. ● 6 percent on the amount over $500,000. There was no separate schedule for single or married taxpayers. Write a program that computes the income tax according to this schedule.

C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter1: Fundamentals Of C++ Programming
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Income Tax
The original U.S. income tax of 1913 was quite simple. The tax was:
● 1 percent on the first $50,000.
● 2 percent on the amount over $50,000 up to $75,000.
● 3 percent on the amount over $75,000 up to $100,000.
● 4 percent on the amount over $100,000 up to $250,000.
● 5 percent on the amount over $250,000 up to $500,000.
● 6 percent on the amount over $500,000.
There was no separate schedule for single or married taxpayers. Write a program that
computes the income tax according to this schedule.

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