Question
Instructions The tax calculator program of the case study outputs a floating-point number that might show more than two digits of precision. Use the round
Instructions
The tax calculator program of the case study outputs a floating-point number that might show more than two digits of precision.
Use the round function to modify the program to display at most two digits of precision in the output number.
Below is an example of the program input and output:
Enter the gross income: 12345.67 Enter the number of dependents: 1 The income tax is $-130.87
Tasks
Calculate the income tax and round to 2 decimal places.
Click the checkbox above to attempt this task.
Checks
Test Case Incomplete
Test for $12345.67 income and 1 dependent
Test Case Incomplete
Test for $98721.56 income and 2 dependents
Test Case Incomplete
Test for $314159.26 income and 3 dependents
#Editthecodebelow
"""
Program:taxform.py
Author:KenLambert
Computeaperson'sincometax.
1.Significantconstants
taxrate
standarddeduction
deductionperdependent
2.Theinputsare
grossincome
numberofdependents
3.Computations:
taxableincome=grossincome-thestandarddeduction-
adeductionforeachdependent
incometax=isafixedpercentageofthetaxableincome
4.Theoutputsare
theincometax
"""
#Initializetheconstants
TAX_RATE=0.20
STANDARD_DEDUCTION=10000.0
DEPENDENT_DEDUCTION=3000.0
#Requesttheinputs
grossIncome=float(input("Enterthegrossincome:"))
numDependents=int(input("Enterthenumberofdependents:"))
#Computetheincometax
taxableIncome=grossIncome-STANDARD_DEDUCTION-\
DEPENDENT_DEDUCTION*numDependents
incomeTax=taxableIncome*TAX_RATE
#Displaytheincometax
print("Theincometaxis$"+str(incomeTax))
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