Question
I need full solution and documation of this question, Income that a person receives in Scotland is subject to personal income tax at progressive rates
I need full solution and documation of this question, Income that a person receives in Scotland is subject to personal income tax at progressive rates up to 46%, based on the following rates. Write a procedure, tax, to calculate (in ) the tax a person owes, depending on his/her income. Calculate the tax using this table of yearly income after deductions: Yearly Income (in ) Tax Rate Up to 12,570 0% 12,570 to 14,732 19% 14,732 to 25,688 20% 25,688 to 43,662 21% 43,662 to 150,000 41% Over 150,000 46% The procedure should show. i) The salary, ii) The tax rate, iii) The amount of tax iv) The amount left after tax and v) Be able to deal with any input, valid or not. vi) Be able to show the monthly income Your tests of procedure should include the following income and deduction figures, which should be included in your final presentation. a) tax ( 87,392) Deductions: Payment of life insurance premium: 2300 Pension Protection Fund: 1800 b) tax ( 28,005) c) tax ( 35,680) Deductions: Payment of life insurance premium: 2000 Pension Protection Fund: 1800 d) tax (- 39,290) e) tax ( 252,202) Deductions: Payment of life insurance premium: 4300 Pension Protection Fund: 2500 f) tax ( 353, 050)
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