Question

0. Write a program that takes the income of an employee and calculates the corresponding net income and tax portion based on the following information: (in C++)

   • tax = 40%: income > =100,000 $

   • tax=30%: 80K<=income<100K

   • tax=20%: 60K<=income<80K

   • tax=10%: 40K<=income<60K

   • tax = 0%: income <40 K

Answer 1

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Program

#include <iostream>
using namespace std;
int main()
{
   float income,tax,net_income;
   cout<<"Enter income of employee : $";
   cin>>income;
   if(income>=100000)
       tax=.4*income;       //tax = 40%: income > =100,000 $
   else if (income>=80000 && income<100000)
       tax=.3*income;       //tax=30%: 80K<=income<100K
   else if (income>=60000 && income<80000)
       tax=.2*income;       //tax=20%: 60K<=income<80K
   else if (income>=40000 && income<60000)
       tax=.1*income;       //tax=10%: 40K<=income<60K
   else  
       tax=0;           //tax = 0%: income <40 K

   net_income=income-tax;
   cout<<"Income = $"<<income<<endl;
   cout<<"Tax = $"<<tax<<endl;
   cout<<"Net Income = $"<<net_income<<endl;
   return 0;
}

Output

Enter income of employee : $45600
Income = $45600
Tax = $4560
Net Income = $41040

Screenshot