My Solution Tax Calculator (conditional flow control) The simplest income tax calculation for a single person filing federal income taxes in the United States involves applying a standard deduction, personal exemption and marginal tax rates to the annual income of the taxpayer. For tax year 2015, the standard deduction for an individual was $6300 and the personal exemption was $4000. The 2015 tax rates vary by income bracket and are given in the table below. Tax Rate Income Range 10% $0.01-$9,225.00 15% $9,225.01-$37,450.00 14 25% $37,450.01-$90,750.00 28% $90,750.01-$189,300.00 33% $189,300.01-$411,500.00 $411,500.01-$413,200.00 35% 39.6% Over $413,200 To compute the tax liability on a given income, first the deduction and exemption amounts are subtracted, then each portion of the income i taxed at the marginal rate according to the table. For example, for an income of $51,939 (US median income in 2014) you first apply the standard $6,300 deduction and the $4,000 exemption to get a taxable income of $51,939 $6, 300 - $4000 = $41,639. Then to compute the tax liability you have: totalTax = 0.1 × 9225 +0.15 × (37540-9225) +0.25 × (41639 - 37540) = $6203.50.
My Solution Tax Calculator (conditional flow control) The simplest income tax calculation for a single person filing federal income taxes in the United States involves applying a standard deduction, personal exemption and marginal tax rates to the annual income of the taxpayer. For tax year 2015, the standard deduction for an individual was $6300 and the personal exemption was $4000. The 2015 tax rates vary by income bracket and are given in the table below. Tax Rate Income Range 10% $0.01-$9,225.00 15% $9,225.01-$37,450.00 14 25% $37,450.01-$90,750.00 28% $90,750.01-$189,300.00 33% $189,300.01-$411,500.00 $411,500.01-$413,200.00 35% 39.6% Over $413,200 To compute the tax liability on a given income, first the deduction and exemption amounts are subtracted, then each portion of the income i taxed at the marginal rate according to the table. For example, for an income of $51,939 (US median income in 2014) you first apply the standard $6,300 deduction and the $4,000 exemption to get a taxable income of $51,939 $6, 300 - $4000 = $41,639. Then to compute the tax liability you have: totalTax = 0.1 × 9225 +0.15 × (37540-9225) +0.25 × (41639 - 37540) = $6203.50.
Computer Networking: A Top-Down Approach (7th Edition)
7th Edition
ISBN:9780133594140
Author:James Kurose, Keith Ross
Publisher:James Kurose, Keith Ross
Chapter1: Computer Networks And The Internet
Section: Chapter Questions
Problem R1RQ: What is the difference between a host and an end system? List several different types of end...
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