Problem 49875. Simple Income Tax

Created by Doddy Kastanya

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{"parts":[{"partUri":"/matlab/document.xml","contentType":"application/vnd.mathworks.matlab.code.document+xml","content":"<?xml version=\"1.0\" encoding=\"UTF-8\"?><w:document xmlns:w=\"http://schemas.openxmlformats.org/wordprocessingml/2006/main\"><w:body><w:p><w:pPr><w:pStyle w:val=\"text\"/><w:jc w:val=\"left\"/></w:pPr><w:r><w:t>Income tax is the type of tax imposed on income generated by businesses or individuals. In a far away land of Plutonia, there are brackets applied when calculating income tax. The tax rate for the income below 10000 is 10%, from 10000 and below 40000 is 15%, from 40000 and below 100000 is 25%, and for those who are lucky enough to earn more than 100000, any amount beyond this magical number will be imposed a tax of 35%. Your task as an accountant is to determine the amount of tax for your clients. Please determine the amount of income tax owed by the client given her/his income.</w:t></w:r></w:p></w:body></w:document>","relationship":null}],"relationships":[{"relationshipType":"http://schemas.mathworks.com/matlab/code/2013/relationships/document","target":"/matlab/document.xml","relationshipId":"rId1"}]}

<div style = "text-align: start; line-height: 20.44px; min-height: 0px; white-space: normal; color: rgb(0, 0, 0); font-family: Menlo, Monaco, Consolas, monospace; font-style: normal; font-size: 14px; font-weight: 400; text-decoration: none solid rgb(0, 0, 0); white-space: normal; "><div style="block-size: 105px; display: block; min-width: 0px; padding-block-start: 0px; padding-top: 0px; perspective-origin: 407px 52.5px; transform-origin: 407px 52.5px; vertical-align: baseline; "><div style="font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 384px 52.5px; text-align: left; transform-origin: 384px 52.5px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="block-size: auto; display: inline; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-end: 0px; margin-inline-start: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">Income tax is the type of tax imposed on income generated by businesses or individuals. In a far away land of Plutonia, there are brackets applied when calculating income tax. The tax rate for the income below 10000 is 10%, from 10000 and below 40000 is 15%, from 40000 and below 100000 is 25%, and for those who are lucky enough to earn more than 100000, any amount beyond this magical number will be imposed a tax of 35%. Your task as an accountant is to determine the amount of tax for your clients. Please determine the amount of income tax owed by the client given her/his income.</span></span></div></div></div>

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Last Solution submitted on Apr 25, 2021

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Problem 49875. Simple Income Tax

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Last 200 Solutions

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Problem 49875. Simple Income Tax

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Last 200 Solutions

Problem Recent Solvers9

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More from this Author180

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