Using C program Problem: Calculate the tax due or the refund for a family based on the following imaginary formula. For each dependent deduct P1,000.00 from income. Determine tax rate from the following brackets: bracket Taxable income Tax rate 1 <= 10,000 2% 2 10,001 - 20,000 5% 3 20,001 - 30,000 7% 4 30,001 - 50,000 10% 5 50,001 and up 15% Then print the amount of tax or the refund

Database System Concepts
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ISBN:9780078022159
Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan
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Using C program

Problem:

Calculate the tax due or the refund for a family based on the following imaginary formula.

  1. For each dependent deduct P1,000.00 from income.
  2. Determine tax rate from the following brackets:

bracket

Taxable income

Tax rate

1

<= 10,000

2%

2

10,001 - 20,000

5%

3

20,001 - 30,000

7%

4

30,001 - 50,000

10%

5

50,001 and up

15%

Then print the amount of tax or the refund.

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