Question
(Financial application: print a tax table) Listing 3.5 gives a program to compute tax. Write a method for computing tax using the following header: public
(Financial application: print a tax table) Listing 3.5 gives a program to compute tax. Write a method for computing tax using the following header: public static double computeTax(int status, double taxableIncome)Use this method to write a program that prints a tax table for taxable income from $50,000 to $70,000 with intervals of $100 for all the following statuses
For each filing status there are six tax rates. Each rate is applied to a certain amount of taxable income. For example, of a taxable income of $400,000 for single filers, $8,350 is taxed at 10%, (33,950 - 8,350) at 15%, (82,250 - 33,950) at 25%, (171,550 - 82,250) at 28%, (372,950 - 171,550) at 33%, and (400,000 - 372,950) at 35%.
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