Taxes: Let's figure out our 2020 taxes right 2020 (source: https://taxfoundatan org/202 a code that takes an income value and a marital stalus S forEngle individual, M for married) a given values, and outputs the am table beloW is the tax bracket chart for chrackets/el Ignore the last column. Write es due Nute how taxes work: you do not pay the emental ForeKample, if you make $30,000 per ny 10 1875 and 12% on the remaining income. listed rate on all of your inEO year as a single individuat os

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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Q. Write the python code:
Problem 5
Taxes: Let's figure out our 2020 taxes right here The table bellow is the tax bracket chart for
2020 (source: https://taxfoundatan org/2020 tax-bracketstel Ignore the last column. Write
a code that takes an income value and a mantasalus iS for single individual, M for married) as
given values, and outputs thhe amourt of t s due Note how laxes work: you do not pay the
mental Forexmple, if you make $30,000 per
on2825.and2% on the remaining income.
listed rate on all of your inco
year as a single individua E
Inputs: income (S). Singie or Mi
Output: taxes due (S)
Transcribed Image Text:Q. Write the python code: Problem 5 Taxes: Let's figure out our 2020 taxes right here The table bellow is the tax bracket chart for 2020 (source: https://taxfoundatan org/2020 tax-bracketstel Ignore the last column. Write a code that takes an income value and a mantasalus iS for single individual, M for married) as given values, and outputs thhe amourt of t s due Note how laxes work: you do not pay the mental Forexmple, if you make $30,000 per on2825.and2% on the remaining income. listed rate on all of your inco year as a single individua E Inputs: income (S). Singie or Mi Output: taxes due (S)
For Single
For Married Individuals
Rate
For Heads of Households
Individuals
Filing Joint Returns
10%
Up to $9,875 Up to $19,750
Up to $14,100
$9,876 to
12%
$19,751 to $80,250
$14,101 to $53,700
$40.125
$40,126 to
22%
$80,251 to $171,050
$53.701 to $85,500
$85,525
$85.526 to
$163.300
24%
$171,051 to $326,600
$85.501 to $163.300
$163,301 to
$207350
32%
$326.601 to $414.700
$163,301 to $207,350
$207.351 to
$518.400
35%
$414.701 to $622,050
$207.351 to $518,400
$518.401 dor
$622.051 or more
$518.401 or more
37%
mote
Transcribed Image Text:For Single For Married Individuals Rate For Heads of Households Individuals Filing Joint Returns 10% Up to $9,875 Up to $19,750 Up to $14,100 $9,876 to 12% $19,751 to $80,250 $14,101 to $53,700 $40.125 $40,126 to 22% $80,251 to $171,050 $53.701 to $85,500 $85,525 $85.526 to $163.300 24% $171,051 to $326,600 $85.501 to $163.300 $163,301 to $207350 32% $326.601 to $414.700 $163,301 to $207,350 $207.351 to $518.400 35% $414.701 to $622,050 $207.351 to $518,400 $518.401 dor $622.051 or more $518.401 or more 37% mote
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