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) The country of Lyonesse has the following income tax structure. First, everyone gets a tax credit subtracted from their net income. Anyone who makes
) The country of Lyonesse has the following income tax structure. First, everyone gets a tax credit subtracted from their net income. Anyone who makes less than their tax credit pays no taxes. After subtracting this tax credit, there is a low tax rate on the first $25,000 of income. Anyone who earns less than $25000 of income (after subtracting their tax credit) pays the following tax: tax=(income-credit)*lowTax; There is a high tax rate on larger incomes. Anyone who earns more than $25000 of income (after subtracting their tax credit) pays the following tax: tax=(income-credit25000)*highTax+25000lowTax; Students and seniors have larger tax credits, and lower tax rates, reflected in the table below. Write a Matlab script that helps citizens of Lyonesse calculate their income tax
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