Question
points) Write a MATLAB program (a3q1.m) that computes the amount of income tax a person needs to pay according to the following table: Income Range
points) Write a MATLAB program (a3q1.m) that computes the amount of income tax a person needs to pay according to the following table:
Income Range Base Tax Excess From To Rate $0 $19,999.99 $0.00 0% $20,000 $49,999.99 $0.00 15% $50,000 $99,999.99 $7,500.00 25% $100,000 $249,999.99 $20,000.00 38% $250,000 ~ $77,000.00 51%
For example, if a person's income is $23,000.00, the income tax the person needs to pay is 15/100 $3,000 = $450.00. With an income of $79,000, the tax owing would be $7,500 + 25/100 ($79,000 - $50,000) = $14,750.00. Your program should first prompt the user to input an income. Use the following prompt: Please enter your income for 2020: Then, based on the amount entered and the above table, calculate the amount of income tax owing. Output to the command window the amount of tax as follows: Your total 2020 income tax is: xxxx where xxxx is the calculated amount of tax with a dollar sign and two digits after the decimal point. For example, if the calculated amount is $3,150, the value should display as $3150.00. If the income entered by the user is negative, your program should terminate with the following message sent to the command window: invalid income
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