Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

PYTHON In the markdown cell of your program write a comment explaining what the program does. Use more comments in the program. Ask the user

PYTHON

In the markdown cell of your program write a comment explaining what the program does. Use more comments in the program. Ask the user to input his taxable income and store it Next, calculate the income tax the taxpayer must pay according to the table below. Display the taxable income and the income tax with appropriate message(s). Test your program by running it 3 times with the following input. See the examples below the table as well. Verify that your program gets the same answers. 17,500.00 67,400.00 325,050.00 Submit results for taxable income of $325,050 for a married couple filing Joint return.

image text in transcribed

Example 1: for a taxable income of $22,500, the income tax = $1,940 + $3, 100 * 0.12 = $2,312 Example 2: for a taxable income of $90,000, the income tax = $9,086 + $11 ,050 *0.22 = $11, 517 Example 3: for a taxable income of $215,000, the income tax = $28,765 + $46,600 * 0.24 = $39,949

2019 Federal Income Tax Schedule (married, joint return) Taxable Income Tax rate Tax at Lower limit Tax at Upper limit

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

More Books

Students also viewed these Databases questions