Problem 49875. Simple Income Tax

Created by Doddy Kastanya

Solve Later

{"parts":[{"partUri":"/matlab/document.xml","contentType":"application/vnd.mathworks.matlab.code.document+xml","content":"<?xml version=\"1.0\" encoding=\"UTF-8\"?><w:document xmlns:w=\"http://schemas.openxmlformats.org/wordprocessingml/2006/main\"><w:body><w:p><w:pPr><w:pStyle w:val=\"text\"/><w:jc w:val=\"left\"/></w:pPr><w:r><w:t>Income tax is the type of tax imposed on income generated by businesses or individuals. In a far away land of Plutonia, there are brackets applied when calculating income tax. The tax rate for the income below 10000 is 10%, from 10000 and below 40000 is 15%, from 40000 and below 100000 is 25%, and for those who are lucky enough to earn more than 100000, any amount beyond this magical number will be imposed a tax of 35%. Your task as an accountant is to determine the amount of tax for your clients. Please determine the amount of income tax owed by the client given her/his income.</w:t></w:r></w:p></w:body></w:document>","relationship":null}],"relationships":[{"relationshipType":"http://schemas.mathworks.com/matlab/code/2013/relationships/document","target":"/matlab/document.xml","relationshipId":"rId1"}]}

<div style = "text-align: start; line-height: 20.44px; min-height: 0px; white-space: normal; color: rgb(0, 0, 0); font-family: Menlo, Monaco, Consolas, monospace; font-style: normal; font-size: 14px; font-weight: 400; text-decoration: none solid rgb(0, 0, 0); white-space: normal; "><div style="block-size: 105px; display: block; min-width: 0px; padding-block-start: 0px; padding-top: 0px; perspective-origin: 407px 52.5px; transform-origin: 407px 52.5px; vertical-align: baseline; "><div style="font-family: Helvetica, Arial, sans-serif; line-height: 21px; margin-block-end: 9px; margin-block-start: 2px; margin-bottom: 9px; margin-inline-end: 10px; margin-inline-start: 4px; margin-left: 4px; margin-right: 10px; margin-top: 2px; perspective-origin: 384px 52.5px; text-align: left; transform-origin: 384px 52.5px; white-space: pre-wrap; margin-left: 4px; margin-top: 2px; margin-bottom: 9px; margin-right: 10px; "><span style="block-size: auto; display: inline; margin-block-end: 0px; margin-block-start: 0px; margin-bottom: 0px; margin-inline-end: 0px; margin-inline-start: 0px; margin-left: 0px; margin-right: 0px; margin-top: 0px; perspective-origin: 0px 0px; transform-origin: 0px 0px; "><span style="">Income tax is the type of tax imposed on income generated by businesses or individuals. In a far away land of Plutonia, there are brackets applied when calculating income tax. The tax rate for the income below 10000 is 10%, from 10000 and below 40000 is 15%, from 40000 and below 100000 is 25%, and for those who are lucky enough to earn more than 100000, any amount beyond this magical number will be imposed a tax of 35%. Your task as an accountant is to determine the amount of tax for your clients. Please determine the amount of income tax owed by the client given her/his income.</span></span></div></div></div>

Solve

Solution Stats

23 Solutions
14 Solvers

Last Solution submitted on Nov 12, 2022

Last 200 Solutions

Problem Comments

2 Comments

2 Comments

Rafael S.T. Vieira on 11 Nov 2022

Taxes and rates everywhere should be calculated in this way. Plutonia is fair and utopian because the government is not trying to rob its citizens.

Christian Schröder on 12 Nov 2022

Germany uses this kind of system --- it's slightly more complicated but the basic idea is the same. See § 32a (1) EStG.

Problem Recent Solvers14

Problem Tags

Community Treasure Hunt

Find the treasures in MATLAB Central and discover how the community can help you!

Start Hunting!

Problem 49875. Simple Income Tax

Solution Stats

Last 200 Solutions

Problem Comments

Problem Recent Solvers14

Suggested Problems

More from this Author180

Problem Tags

Community Treasure Hunt

Problem 49875. Simple Income Tax

Solution Stats

Last 200 Solutions

Problem Comments

Problem Recent Solvers14

Suggested Problems

More from this Author180

Problem Tags

Community Treasure Hunt

Players

WeChat