Question

Basic C++ Tax Program

If you could explain what code does what within the program that would be appreciated! Just starting out and even using user input is not easy for me...

Please write the "PrintTax" program that reads in an income value and print out its corresponding tax amount of 25% in the currency format (exactly 2 decimal places with a prefix of "$" sign) Here is an example of the output: C:\>Print Tax Please enter income: 100 Income: $100.00 Tax: $25.00 C:\>Print Tax Please enter income: 100.25 Income: $100.25 Tax: $25.06 C:\>PrintTax Please enter income: 50.7 Income: $50.70

Answer 1

#include <iostream>
#include <iomanip>   
using namespace std;

int main () {
   double income;
   
   //Reading income
   cout<<"Please enter income: ";
   cin>>income;
   
   //Making precision to 2
   cout<<fixed<<setprecision(2)<<endl;
   
   //Printing income
   cout<<"Income :$"<<(income)<<endl;
   
   //Printing tax
   cout<<"Tax: $"<<(income*0.25)<<endl;
   return 0;
}