Write a program that prompts the user to enter the annual income (in int) of an employee. The program shall calculate the income tax payable (in double). The progressive income tax rate is mandated as follows: Taxable Income Rate (%) | First $20,000 Next $20,000 Next $20,000 The remaining 10 20 30 For example, suppose that the taxable income is $85000, the income tax payable is $20000*0% + $20000*10% + $20000*20% + $25000*30%.

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
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Java
Write a program that prompts the user to enter the annual income (in int) of an employee. The program shall
calculate the income tax payable (in double).
The progressive income tax rate is mandated as follows:
Taxable Income
Rate (%)
First $20,000
Next $20,000
Next $20,000
The remaining
10
20
30
For example, suppose that the taxable income is $85000, the income tax payable is $20000*0% +
$20000*10% + $20000*20% + $25000*30%.
Sample Run1:
Enter the taxable income: $41234
The income tax payable is: $2246.80
Sample Run2:
Enter the taxable income: $67891
The income tax payable is: $8367.30
Sample Run3:
Enter the taxable income: $85432
The income tax payable is: $13629.60
Sample Run4:
Enter the taxable income: $12345
The income tax payable is: $0.00
Transcribed Image Text:Write a program that prompts the user to enter the annual income (in int) of an employee. The program shall calculate the income tax payable (in double). The progressive income tax rate is mandated as follows: Taxable Income Rate (%) First $20,000 Next $20,000 Next $20,000 The remaining 10 20 30 For example, suppose that the taxable income is $85000, the income tax payable is $20000*0% + $20000*10% + $20000*20% + $25000*30%. Sample Run1: Enter the taxable income: $41234 The income tax payable is: $2246.80 Sample Run2: Enter the taxable income: $67891 The income tax payable is: $8367.30 Sample Run3: Enter the taxable income: $85432 The income tax payable is: $13629.60 Sample Run4: Enter the taxable income: $12345 The income tax payable is: $0.00
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