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

Microsoft Visual C#
7th Edition
ISBN:9781337102100
Author:Joyce, Farrell.
Publisher:Joyce, Farrell.
Chapter4: Making Decisions
Section: Chapter Questions
Problem 7E: Write a program named GuessingGame that generates a random number between 1 and 10. (In other words,...
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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

 

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