Please written by computer source Please show your answer in a RAPTOR flowchart 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: 15% on the first $53,359 of taxable income, plus 20.5% on the next $53,358 of taxable income (on the portion of taxable income over 53,359 up to $106,717), plus 26% on the next $58,713 of taxable income (on the portion of taxable income over $106,717 up to $165,430), plus 29% on the next $70,245 of taxable income (on the portion of taxable income over $165,430 up to $235,675), plus 33% of taxable income over $235,675.
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
Please written by computer source
Please show your answer in a RAPTOR flowchart
Develop an
15% on the first $53,359 of taxable income, plus
20.5% on the next $53,358 of taxable income (on the portion of taxable income over 53,359 up to $106,717), plus
26% on the next $58,713 of taxable income (on the portion of taxable income over $106,717 up to $165,430), plus
29% on the next $70,245 of taxable income (on the portion of taxable income over $165,430 up to $235,675), plus
33% of taxable income over $235,675.
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