Develop an algorithm, in the form of a Raptor flowchart, to compute and display theamount of federal income tax to be paid when provided with the income as input. TheCanadian Federal income tax rates for 2023 are:• 15% on the first $53,359 of taxable income, plus• 20.5% on the next $53,358 of taxable income (on the portion of taxableincome over 53,359 up to $106,717), plus• 26% on the next $58,713 of taxable income (on the portion of taxable incomeover $106,717 up to $165,430), plus29% on the next $70,245 of taxable income (on the portion of taxable incomeover $165,430 up to $235,675), plus33% of taxable income over $235,675

Welcome to the Federal Income Tax Calculation Flowchart. This flowchart is designed to help you…

Answered: Develop an algorithm, in the form of a…

Computer Networking: A Top-Down Approach (7th Edition)

7th Edition

ISBN:9780133594140

Author:James Kurose, Keith Ross

Publisher:James Kurose, Keith Ross

Chapter1: Computer Networks And The Internet

Section: Chapter Questions

Problem R1RQ: What is the difference between a host and an end system? List several different types of end...

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write an algorithm code it in Python Tuition Fees Increase In 2008, BC charged $115 per credit for a course. BC announced it would increase its cost per credit by 4% each year for the next five years. Write a program that uses a for loop to display the projected rates for the next five years as follows: Year Cost per Credit -------------------------- 2008 $115.00 2009 $119.60 2010 $124.38 2011 $129.36 2012 $134.53 2013 $139.92 ============================================================================ Pay attention to the spacing/alignment in your output. Review the Formatting Output in Python documentation in order to properly format the numerical values in your output. The output should present with two decimal places. Include your algorithm as section comments in your Python code. Upload the Python (*.py) file here.
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Develop an algorithm, in the form of a Raptor flowchart, to compute and display the amount of federal income tax to be paid when provided with the income as input. The Canadian Federal income tax rates for 2023 are: