Define a Python function named calculate_tax() which accepts one parameter, income, and returns the income tax. Income is taxed according to the following rule: the first $250,000 is taxed at 40% and any remaining income is taxed at 80%. For example, calculate_tax(100000) should return $100,000 * 0.40 = $40,000, while calculate_tax(300000) should return $250,000 * 0.40 + 50,000 * 0.80 = $140,000. In your file, you should include a main() that calls your function several times to demonstrate that it works. Your output should have the following format: With an income of $ 250001.0 the tax is $ 100000.8

Define a Python function named calculate_tax() which accepts one parameter, income, and returns the income tax. Income is taxed according to the following rule: the first $250,000 is taxed at 40% and any remaining income is taxed at 80%. For example, calculate_tax(100000) should return $100,000 * 0.40 = $40,000, while calculate_tax(300000) should return $250,000 * 0.40 + 50,000 * 0.80 = $140,000. In your file, you should include a main() that calls your function several times to demonstrate that it works. Your output should have the following format: With an income of $ 250001.0 the tax is $ 100000.8

Name: Define main and invoke itUse python 3.5 Define a Python function named
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Description: Define main and invoke itUse python 3.5 Define a Python function named calculate_tax() which accepts one parameter, income, and returns the income tax.Income is taxed according to the following rule: the first $250,000 is taxed at 40% and any remaini

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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