I have already done the source code
I just need help in the analysis part and design part
asap
Thank you
I have already done the source code I just need help in the analysis part and design part asap Thank you File Edit View...
Java Programming Basic and Clean Approach, Please post the answer in Text Format. Computing Tax Problem Description: The United States federal personal income tax is calculated based on filing status and taxable income. There are four filing statuses: single filers, married filing jointly, married filing separately, and head of household. The tax rates vary every year. Table 3.2 shows the rates for 2009. If you are, say, single with a taxable income of $10,000, the first $8,350 is taxed at...
import java.util.*; //Include the needed package public class IncomeTax //Class { public static void main(String[] args) { Scanner scInput = new Scanner(System.in); //Create new instance System.out.println("\nEnter the filing status"); //Prompt for input System.out.println("\0 for filling as single. "); System.out.println("\1 for filling as married jointly. "); System.out.println("\2 for filling as married separately. "); System.out.println("\3 for filling as head of household. "); int filingStatus = scInput.nextInt(); System.out.println("Enter the taxable income:"); double ti = scInput.nextDouble(); double it = 00.00; if(filingStatus==0) { if (ti<=8350)...
Use the table to answer the questions. In relation to taxes, Ramone will be filing as married filing jointly. Ramone is making $156,141.00 this year as an employee of Rust-Eze; he has no other income. Do not consider any deduct this question Married filing jointly or Tax rate Single Married filing separately Head of household qualified widow(er) 10% $0-$8,350 $0 $16,700 $0-$8,350 $0-$11,950 15% $8,351 $33,950 $16,701 $67,900 $8,351-$33,950 $11,951 $45,500 2593 $33,951-$82,250 $67,901-$137,050 $33,951-$68,525 845,501-$117,450 2856 $82,251-$171,550 $137,051-$208,850 $68,526...
I need this in Pyhton saw similar entries but they were on C++ In this project, you will calculate someone’s taxes based on their filing status and their income. Thus, you have two different questions and, based on the result of both, you will determine the taxes paid. First, you must determine their filing status: single or married filing jointly. Then you need to determine their income. The chart below will determine the percentage they will pay based on their...
Charles and Joan Thompson file a joint return. In 2018, they had taxable income of $92,370 and paid tax of $12,202. Charles is an advertising executive, and Joan is a college professor. During the fall 2019 semester, Joan is planning to take a leave of absence without pay. The Thompsons expect their taxable income to drop to $70,000 in 2019. They expect their 2019 tax liability will be $8,015, which will be the approximate amount of their withholding. Joan anticipates...
Please write in MATLAB code Write a program that can calculate the amount of federal tax a person owes for the upcoming year. After calculating the amount of tax owed, you should report to the user their filing status (single/joint), which tax rate they fell under, as well as the tax owed. Example: “As a single filer you fell under 12% tax bracket and you owe $3500.” Disclaimer: This example is simplified and is not intended to be an accurate...
Problem 2-45 (LO 2-6) Charles and Joan Thompson file a joint return. In 2018, they had taxable income of $107.440 and paid tax of $15,516. Charles is an advertising executive, and Joan is a college professor. During the fall 2019 semester, Joan is planning to take a leave of absence without pay. The Thompsons expect their taxable income to drop to $88.000 in 2019. They expect their 2019 tax liability will be $11,083, which will be the approximate amount of...
Problem P4-6 (similar to) Question Help Calculate the total 2017 tax liability for a surviving spouse with one dependent child with a gross income of $46,320, no salary reductions for employer-provided benefits, and no itemized deductions. Assuming the single parent taxpayer's filing status is Married Filing Jointly or Surviving Spouse, the taxpayer's standard deduction for the 2017 tax year is $ 20050 (Round to the nearest dollar.) a Data Table Standard Deduction Amounts Filing Status Single Married Filing Jointly or...
8. Which of the following statements about the estate and gift tax is (are) correct? I. There is no estate or gift tax due at the death of the first spouse. II. There is no estate or gift tax due if a single mother gives her son a $35,000 car. I only b. II only Both I and II d. Neither I nor II a 9. Which tax form should Jack and Jill a married couple file if they need...
David and Ruby are engaged and plan to get married. During 2020, David is a full-time student and earns $9,400 from a part-time job. With this income, student loans, savings, and nontaxable scholarships, he is self-supporting. For the year, Ruby is employed and has wages of $79,200. Click here to access the standard deduction table to use. Click here to access the Tax Rate Schedules. If an amount is zero, enter, "0". Do not round your intermediate computations. Round your...