Question

(2) Develop Computer Programs for Calculating the Tax Due that implements
taxation as intended by the U.S. Congress in the 2017 TAX CUTS AND JOBS ACT (Exhibit B2 METHOD A for Calculating Tax Due)

Having trouble getting this part down and wanted to see where you guys went with it. There is a second part to the question, but answering the first part here would be helpful! Any and all help appreciated! Really trying to get this down. This code is meant to be in C++.

Exhibit B2 - 2018 Tax Bracket Thresholds 2018 Tax Bracket Thresholds prescribed by the 2017 TAX CUTS ANDJOBS ACT Marginal tax rate 10% 12% 22% 24% 32% 35% 37% Single $0-$9,525 $9,526-$38,700 $38,701-$82,500 $82,501-$157,500 $157,501-$200,000 $200,001-$500,000 $500,001 and more Married $0-$19,050 $19,051-$77,400 $77,401-$165,000 $165,001-$315,000 $315,001-$400,000 $400,001-$600,000 $600,001 and more

Answer 1

CODE:

#include<iostream>
#include<stdlib.h>
using namespace std;

int main()
{
    char status;
    float salary,tax;
    // get input from user
    cout << "Enter your marital status(S-Single,M-Married) : ";
    cin >> status;
    cout << "Enter your salary: ";
    cin >> salary;
    // if user is single
    if(tolower(status)=='s')
    {
        // calculate tax based on salary
        if(salary <= 9525)
            tax = 0.1 * salary;
        else if(salary <= 38700)
            tax = 0.12 * salary;
        else if(salary <= 82500)
            tax = 0.22 * salary;
        else if(salary <= 157500)
            tax = 0.24 * salary;
        else if(salary <= 200000)
            tax = 0.32 * salary;
        else if(salary <= 500000)
            tax = 0.35 * salary;
        else
            tax = 0.37 * salary;
    }
    // if user is married
    else if(tolower(status) == 'm')
    {
        // calculate tax
        if(salary <= 19050)
            tax = 0.1 * salary;
        else if(salary <= 77400)
            tax = 0.12 * salary;
        else if(salary <= 165000)
            tax = 0.22 * salary;
        else if(salary <= 315000)
            tax = 0.24 * salary;
        else if(salary <= 400000)
            tax = 0.32 * salary;
        else if(salary <= 600000)
            tax = 0.35 * salary;
        else
            tax = 0.37 * salary;
    }
    else
    {
        cout << "Marital status can only be single or married." << endl;
        exit(1);
    }
    // print tax
    cout << "Tax amount : " << tax << endl;
}

OUTPUT: