Question

I HAVE TO SOLVE A C++ PROGRAM, THIS ARE THE INSTRUCTIONS:

Write a program that can be used to calculate the federal tax. The tax is calculated as follows: For single people, the standard exemption is $4,000; for married people, the standard exemption is $7,000. A person can also put up to 6% of his or her gross income in a pension plan. The tax rates are as follows: If the taxable income is:

• Between $0 and $15,000, the tax rate is 15%.
• Between $15,001 and $40,000, the tax is $2,250 plus 25% of the taxable income over $15,000.
• Over $40,000, the tax is $8,460 plus 35% of the taxable income over $40,000. Prompt the user to enter the following information:
• Marital status
• If the marital status is “married,” ask for the number of children under the age of 14
• Gross salary (If the marital status is “married” and both spouses have income, enter the combined salary.)
• Percentage of gross income contributed to a pension fund Your program must consist of at least the following functions:
  • Function getData: This function asks the user to enter the relevant data.
  • Function taxAmount: This function computes and returns the tax owed.

To calculate the taxable income, subtract the sum of the standard exemption, the amount contributed to a pension plan, and the personal exemption, which is $1,500 per person. (Note that if a married couple has two children under the age of 14, then the personal exemption is $1,500 ∗ 4 = $6,000.)

Since your program handles currency, make sure to use a data type that can store decimals with a decimal precision of 2.

Answer 1

Solution:

Code:

2 3 4 6 7 main.cpp 1 //Include necessary headers #include <iostream> #include<string> using namespace std; 5 //Declaration of functions and variables void getData(); double taxAmount(); string maritalStatus; 9 double grossSalary=0, pensionPlan; int noChild; //Main int main() { getData(); double tax;| 15 tax=taxAmount(); cout<<"\nYour Tax Amount is:"<<tax; 10 11 12 13 14 16 17 } 18 19 //Function to get the data void getData() 20 21 { 22 23 24 25 double spouseIncome=0, percentage; string temp; // Prompt and get from user cout<<"\nEnter your marital status (Single or Married):"; cin>>maritalStatus; if(maritalStatus=="Married") 26 27 28 { 29 cout<<"\nEnter the No.of children under age 14:";

30 31 32 33 cin>>nochild; cout<<"\nIs your spouse have income (Yes or No):"; cin>>temp; if(temp=="Yes") 34 { 35 36 cout<<"\nEnter your spouse Income:"; cin>>spouseIncome; 37 نها 38 } 39 40 41 42 cout<<"\nEnter your Basic Gross Salary:"; cin>>grossSalary; grossSalary-grossSalary+spouse Income; cout<<"\nEnter your percentage of fund:"; cin>>percentage; pensionPlan=grossSalary* (percentage/100); 43 44 سه 45 46 47 48 49 50 51 //Function to calculate the tax amount double taxAmount() { double taxRate, taxRate1, stdEx, txInc; if(maritalStatus=="Single") 52 53 { 54 stdEx=40000; txInc=grossSalary-(stdEx+pensionPlan+1500); 55 56 } 57 elsel

58 { 59 60 61 62 63 stdEx=7000; txInc=grossSalary-(stdEx+pensionPlan+3000+(1500*noChild)); } if(txInc>0 && txInc<=15000) { taxRate=0.15; 64 65 else if(txInc>15000 && txInc<=40000) } { 66 67 68 taxRate=2250; taxRate1=(grossSalary-15000)*0.25; taxRate=taxRate+taxRatel; 69 70 71 else } { 72 73 taxRate=8460; taxRate1=(taxRate-40000)*0.35; 74 75 } return taxRate; 76 77 Y

Output:

} ./main Enter your marital status (Single or Married) :Married Enter the No.of children under age 14:2 Is your spouse have income (Yes or No) : Yes Enter your spouse Income: 80000 Enter your Basic Gross Salary: 30000 Enter your percentage of fund:5 Your Tax Amount is: 8460% ]

Copyable Code:

//Include necessary headers

#include <iostream>

#include<string>

using namespace std;

//Declaration of functions and variables

void getData();

double taxAmount();

string maritalStatus;

double grossSalary=0,pensionPlan;

int noChild;

//Main

int main() {

getData();

double tax;

tax=taxAmount();

cout<<"\nYour Tax Amount is:"<<tax;

}

//Function to get the data

void getData()

{

double spouseIncome=0,percentage;

string temp;

//Prompt and get from user

cout<<"\nEnter your marital status(Single or Married):";

cin>>maritalStatus;

if(maritalStatus=="Married")

{

cout<<"\nEnter the No.of children under age 14:";

cin>>noChild;

cout<<"\nIs your spouse have income(Yes or No):";

cin>>temp;

if(temp=="Yes")

{

cout<<"\nEnter your spouse Income:";

cin>>spouseIncome;

}

}

cout<<"\nEnter your Basic Gross Salary:";

cin>>grossSalary;

grossSalary=grossSalary+spouseIncome;

cout<<"\nEnter your percentage of fund:";

cin>>percentage;

pensionPlan=grossSalary*(percentage/100);

}

//Function to calculate the tax amount

double taxAmount()

{

double taxRate,taxRate1,stdEx,txInc;

if(maritalStatus=="Single")

{

stdEx=40000;

txInc=grossSalary-(stdEx+pensionPlan+1500);

}

else

{

stdEx=7000;

txInc=grossSalary-(stdEx+pensionPlan+3000+(1500*noChild));

}

if(txInc>0 && txInc<=15000){

taxRate=0.15;

}

else if(txInc>15000 && txInc<=40000)

{

taxRate=2250;

taxRate1=(grossSalary-15000)*0.25;

taxRate=taxRate+taxRate1;

}

else

{

taxRate=8460;

taxRate1=(taxRate-40000)*0.35;

}

return taxRate;

}