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 Note : this c++ program please try to solve within 30 minutes
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 Note : this c++ program please try to solve within 30 minutes
C++ for Engineers and Scientists
4th Edition
ISBN:9781133187844
Author:Bronson, Gary J.
Publisher:Bronson, Gary J.
Chapter6: Modularity Using Functions
Section6.1: Function And Parameter Declarations
Problem 7E: (Physics) Buoyancy is the upward force a liquid exerts on a submerged object, as shown in Figure...
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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
Note : this c++ program please try to solve within 30 minutes
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