Question: ONLY CODE IN C LANGUAGE PLEASE Implement the Income Tax Calculator described below Tax Laws: i. All taxpayers are charged a flat tax rate of

ONLY CODE IN C LANGUAGE PLEASE

Implement the Income Tax Calculator described below

Tax Laws:

i. All taxpayers are charged a flat tax rate of 20%.

ii. All taxpayers are allowed a $10,000 standard deduction.

iii. For each dependent, a taxpayer is allowed an additional $2000 deduction.

iv. Gross income must be entered to the nearest penny.

v. The income tax is expressed as a decimal number

User Inputs

1. Gross Income and Number of Dependents

Sample Execution Input 100500.00 3 Output 16900 Note: (Calculation - Standard Exemption Rs.10,000 100500.00 - 10000 = 90500 Detection for dependents - 2000 x 3 = 6000 90500 - 6000 = 84500 Tax calculation 84500 x 0.2 = 16900)

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!