Problem 49875. Simple Income Tax

Created by Doddy Kastanya

Solve Later

{"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>

Solve

Solution Stats

18 Solutions
11 Solvers

Last Solution submitted on May 18, 2022

Last 200 Solutions

Problem Recent Solvers11

Problem Tags

simple tax

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!

Problem 49875. Simple Income Tax

Solution Stats

Last 200 Solutions

Problem Recent Solvers11

Suggested Problems

More from this Author180

Problem Tags

Community Treasure Hunt

Problem 49875. Simple Income Tax

Solution Stats

Last 200 Solutions

Problem Recent Solvers11

Suggested Problems

More from this Author180

Problem Tags

Community Treasure Hunt

Players