Task $1$

Write pseudocode on taxation system based on the information given.

$$

Design a pseudocode solution to solve the problem above. You are required to include:

$1.$ User input

$2.$ Calculation of total personal income

$3.$ Calculation of total tax relief

$4.$ Calculation of taxable income

$5.$ System output

$6.$ Option for user to continue key$-$in continuously

$$Task $2$

Develop a Python program based on the pseudocode.

The following are the relevant information you will need to complete the assessment. Table $1$ displays the simplified Malaysian taxable income tax rates $(2022)$ with FOUR $(4)$ income brackets$/$levels$,$ and below it is an example of a taxable income tax table calculation with four levels.

Table $1$: Simplified Malaysian Taxable Income Tax Rates

Based on total annual income $($MYR$*)$ after relevant deductions

Equal or Less than RM$5,000-$ No tax

Next RM$15,000(5,001$ to $20,000)-1\%$

Next RM$15,000(20,001$ to $35,000)-3\%$

Above RM$35,000-8\%$

As such, for an annual income of RM$50,000,$ the tax is

$=0+15,000$ x $0\mathrm{.}01+15,000$ x $0\mathrm{.}03+15,000$ x $0\mathrm{.}08$

$=0+150+450+1,200$

$=$ RM$1,800$

The annual income should be derived from the basic salary, bonus, commission, and other incomes based on your analysis.$$ The deductions should include relevant and valid expenses such as pension fund $($EPF$),$ social security fund $($SOSCO$/$EIS$),$ and other expenses based on your analysis.

Table $2$ below is the simplified personal tax relief for Malaysia $(2022)$ that are considered valid expenses and can be deducted.

Table $2$: Simplified Personal Tax Relief for Malaysia $(2022).$

Self and Dependent $-8,000\mathrm{.}00$

Education Fees $($Self$)-8,000\mathrm{.}00$

Life Insurance $($Self & Spouse$)-4,000\mathrm{.}00$

Medical Expenses $-9,000\mathrm{.}00$

Lifestyle $($For each category: non$-$technology and technology$)-6,000\mathrm{.}00$

Sports Equipment $-600\mathrm{.}00$

Domestic Travel $-2,000\mathrm{.}00$

EV Charging Facilities $-3,500\mathrm{.}00$

Ordinary Child Relief $-3,000\mathrm{.}00$

Disabled Child Relief $($Unmarried child, age over $18)-7,000\mathrm{.}00$

Breastfeeding Equipment $($Working women, once every $2$ years$)-2,000\mathrm{.}00$

Education Fee for Child $($Unmarried child, age over $18)-9,000\mathrm{.}00$

Disability $($For each category: disabled individual, basic supporting equipment, disabled spouse$)-7,000\mathrm{.}00$

Pension $($EPF$)-5,000\mathrm{.}00$

Social Security Fund $($SOSCO$/$EIS$)-550\mathrm{.}00$