Write a program that can be used to calculate the federal tax. The tax is calculated as follows: For single people, the standard exemption is $4,000; for married people, the standard exemption is $7,000. A person can also put up to 6% of his or her gross income in a pension plan. The tax rates are as follows: If the taxable income is: Between $0 and $15,000, the tax rate is 15%. Between $15,001 and $40,000, the tax is $2,250 plus 25% of the taxable income over $15,000. Over $40,000, the tax is $8,460 plus 35% of the taxable income over $40,000. Prompt the user to enter the following information: Marital status If the marital status is married, ask for the number of children under the age of 14 Gross salary (If the marital status is married and both spouses have income, enter the combined salary.) Percentage of gross income contributed to a pension fund Your program must consist of at least the following functions: Function getData: This function asks the user to enter the relevant data. Function taxAmount: This function computes and returns the tax owed. To calculate the taxable income, subtract the sum of the standard exemption, the amount contributed to a pension plan, and the personal exemption, which is $1,500 per person. (Note that if a married couple has two children under the age of 14, then the personal exemption is $1,500 * 4 = $6,000.)
Write a program that can be used to calculate the federal tax. The tax is calculated as follows: For single people, the standard exemption is $4,000; for married people, the standard exemption is $7,000. A person can also put up to 6% of his or her gross income in a pension plan. The tax rates are as follows: If the taxable income is: Between $0 and $15,000, the tax rate is 15%. Between $15,001 and $40,000, the tax is $2,250 plus 25% of the taxable income over $15,000. Over $40,000, the tax is $8,460 plus 35% of the taxable income over $40,000. Prompt the user to enter the following information: Marital status If the marital status is married, ask for the number of children under the age of 14 Gross salary (If the marital status is married and both spouses have income, enter the combined salary.) Percentage of gross income contributed to a pension fund Your program must consist of at least the following functions: Function getData: This function asks the user to enter the relevant data. Function taxAmount: This function computes and returns the tax owed. To calculate the taxable income, subtract the sum of the standard exemption, the amount contributed to a pension plan, and the personal exemption, which is $1,500 per person. (Note that if a married couple has two children under the age of 14, then the personal exemption is $1,500 * 4 = $6,000.)
Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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C ++ Program
Transcribed Image Text:Write a program that can be used to calculate the
federal tax. The tax is calculated as follows: For
single people, the standard exemption is $4,000;
for married people, the standard exemption is
$7,000. A person can also put up to 6% of his or her
gross income in a pension plan. The tax rates are
as follows: If the taxable income is: Between $0
and $15,000, the tax rate is 15%. Between $15,001
and $40,000, the tax is $2,250 plus 25% of the
taxable income over $15,000. Over $40,000, the
tax is $8,460 plus 35% of the taxable income over
$40,000. Prompt the user to enter the following
information: Marital status If the marital status
is married, ask for the number of children under
the age of 14 Gross salary (If the marital status
is married and both spouses have income, enter
the combined salary.) Percentage of gross income
contributed to a pension fund Your program
must consist of at least the following functions:
Function getData: This function asks the user to
enter the relevant data. Function taxAmount: This
function computes and returns the tax owed. To
calculate the taxable income, subtract the sum of
the standard exemption, the amount contributed
to a pension plan, and the personal exemption,
which is $1,500 per person. (Note that if a married
couple has two children under the age of 14, then
the personal exemption is $1,500 * 4 = $6,000.)
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