Computing Income Tax 1- write a Python program that reports the income tax owed
ID: 3649649 • Letter: C
Question
Computing Income Tax1- write a Python program that reports the income tax owed for an individual
given their status and income. To simplify getting this information from the user, we will
adopt the following status codes: S,MJ,QW,MS,HH for Single, Married Filing Jointly, Qual-
ied Widow(er), Married Filing Separately, and Head of Household respectively. If a user
earns some dollar amount and change, say 4000.49 USD, then round to the change nearest
dollar amount (4000 USD).
2-modify your program to allow a user to repeatedly compute an arbitrary
number of income taxes. If the user enters X as their status code, then that indicates that
the user is done.
i should use only while and if statements, but whenever i tried to run the program it gives me
the tax=0, also i don't know where can i use if and while statements to round the change to the nearest
dollar, and where to use number 2 task
can anyone show me how to do it?
Thank you so much..
Explanation / Answer
State and local taxes form a category of itemized deductions on federal income tax returns. Using either the standard deduction or itemized deductions reduces the amount of income on which you are taxed. You have the option of itemizing deductions or using the standard deduction. Itemizing is better if the total deductions exceed the standard amount. You may not write off itemized deductions in addition to the standard deduction
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