Create the Taxes Application. The application computes taxes for the schedule given in Table 1. The program output should be formatted as shown in the Sample Run.   SAMPLE RUN: Are you married or single (M or S)? M What is your income? 43858 Your tax payable is: 5778.7 Are you married or single (M or S)? M What is your income? 16000 Your tax payable is: 1600.0 Are you married or single (M or S)? S What is your income? 9200 Your tax payable is: 980.0 Are you married or single (M or S)? S What is your income? 61458 Your tax payable is: 11764.5 Are you married or single (M or S)? M What is your income? 72566 Your tax payable is: 10941.5

Database System Concepts
7th Edition
ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
Chapter1: Introduction
Section: Chapter Questions
Problem 1PE
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Intro to Python Programming:

Taxes Application

Create the Taxes Application. The application computes taxes for the schedule given in Table 1. The program output should be formatted as shown in the Sample Run.

 

SAMPLE RUN:
Are you married or single (M or S)? M
What is your income? 43858
Your tax payable is: 5778.7


Are you married or single (M or S)? M
What is your income? 16000
Your tax payable is: 1600.0


Are you married or single (M or S)? S
What is your income? 9200
Your tax payable is: 980.0


Are you married or single (M or S)? S
What is your income? 61458
Your tax payable is: 11764.5


Are you married or single (M or S)? M
What is your income? 72566
Your tax payable is: 10941.5

If your status is Single and if
the taxable income is over
but not over
the tax is
of the amount over
$0
$8,000
$32,000
$0
$8,000
$32,000
$8,000
10%
$32,000
$800 + 15%
$4,400 + 25%
If your status is Married and if
the taxable income is over
but not over
the tax is
of the amount over
$0
$16,000
$64,000
$16,000
$64,000
$0
$16,000
$64,000
10%
$1,600 + 15%
$8,800 + 25%
Table 1
Transcribed Image Text:If your status is Single and if the taxable income is over but not over the tax is of the amount over $0 $8,000 $32,000 $0 $8,000 $32,000 $8,000 10% $32,000 $800 + 15% $4,400 + 25% If your status is Married and if the taxable income is over but not over the tax is of the amount over $0 $16,000 $64,000 $16,000 $64,000 $0 $16,000 $64,000 10% $1,600 + 15% $8,800 + 25% Table 1
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