Write a program that can be used to calculate thefederal tax. The tax is calcula
ID: 3610123 • Letter: W
Question
Write a program that can be used to calculate thefederal tax. The tax is calculated as follows: For single people,the standard exemption is $4,000; for married people, the standardexemption is $7,000. A person can also put up to 6% of his or hergross income in a pension plan. The tax rates are as follows: IFthe taxable income is- Between $0 & $15,000, the tax rate is15%
- Between $15,001 and $40,000, the tax is $2,250 plus 25% of thetaxable income over $15,000
- Over $40,000, the tax is $8,460 plus 35% of the taxable incomeover $40,000
The user should enter:
- Marital Status
- If the martial status is "married" ask for the number of childrenunder the age of 14
- Gross salary (If the marital status is "married" and both spouseshave income, enter the combined salary
- Percentage of gross income contributed to a pension fund.
The program must consist of at least the following functions:
a. function getData: this function asks the user to enter therelevant data
b. function taxAmount: this function computes and returns the taxowed
To calculate the taxable income, subtract the sum of the standardexemption, the amount contributed to a pension plan, and the personexemption, which is $1,500 per person.
Explanation / Answer
#include #include using namespace std; void getData(string &status, int &numChildren, float&gross, float &pension){ coutstatus; if(status == "married") { coutRelated Questions
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