Write a program that takes input two numbers for and store it in two variables named gross_salary and savings. The program then passes these two values to a function named calculate_tax(). The calculate_tax() function determines the tax amount as per the following criteria: i. If savings are less than 100,000, the whole amount will not be included in taxable income. However, if the amount is more than 100,000 (suppose 110,000), the amount that will be included in the taxable income will be calculated as follows: Savings – 100,000 as we supposed our savings are 110,000, the above formula will give value as under: 110,000 – 100,000 = 10,000 This means, if we have savings of 110,000, only 10,000 will be included in taxable income. So, the total taxable income will be calculated as under if (savings >100.000) taxable_income = gross_salary + (savings – 100,000) else taxable_income = gross_salary + savings

Write a program that takes input two numbers for and store it in two variables named gross_salary and savings. The program then passes these two values to a function named calculate_tax(). The calculate_tax() function determines the tax amount as per the following criteria: i. If savings are less than 100,000, the whole amount will not be included in taxable income. However, if the amount is more than 100,000 (suppose 110,000), the amount that will be included in the taxable income will be calculated as follows: Savings – 100,000 as we supposed our savings are 110,000, the above formula will give value as under: 110,000 – 100,000 = 10,000 This means, if we have savings of 110,000, only 10,000 will be included in taxable income. So, the total taxable income will be calculated as under if (savings >100.000) taxable_income = gross_salary + (savings – 100,000) else taxable_income = gross_salary + savings

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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