The United States federal personal income tax is calculated based on filing stat

Question

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 1 shows the rates for 2009. If you are, say, single with a taxable income of $10,000, the first $6,000 is taxed at 10% and the other $4,000 is taxed at 15%. So, your tax is $1,200. (Using Java)

Table 1 2009 U.S. Federal Personal Tax Rates

Marginal Tax Rate-Single / Married Filing Jointly or Qualified Widow(er) / Married Filing Separately / Head of Household

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

25% / $33,951 – $82,250 / $67,901 – $137,050 / $33,951 – $68,525 / $45,501 – $117,450

28% / $82,251 – $171,550 / $137,051 – $208,850 / $68,525 – $104,425 / $117,451 – $190,200

33% / $171,551 – $372,950 / $208,851 – $372,950 / $104,426 – $186,475 / $190,201 - $372,950

35% / $372,951+ / $372,951+ / $186,476+ / $372,951+

You are to write a program to compute personal income tax. Your program should prompt the user to enter the filing status and taxable income and compute the tax. Enter 0 for single filers, 1 for married filing jointly, 2 for married filing separately, and 3 for head of household.

Here are sample runs of the program:

Sample 1: Enter the filing status: 0 Enter the taxable income: 100000 Tax is 21720.0

Sample 2: Enter the filing status: 1 Enter the taxable income: 300339 Tax is 78777.87

Sample 3: Enter the filing status: 2 Enter the taxable income: 123500 Tax is 29665.5

Sample 4: Enter the filing status: 3 Enter the taxable income: 4545402 Tax is 1565250.7

Explanation / Answer

Answer :

import java.util.Scanner;

public class ComputeTaxProblem {
public static void main(String[] args) {

Scanner input = new Scanner(System.in);

System.out.print("(0-single filer, 1-married jointly, " +
"2-married separately, 3-head of household) " +
"Enter the filing status: ");
int status = input.nextInt();

System.out.print("Enter the taxable income: ");
double income = input.nextDouble();

double tax = 0;
if(status==0){
if (income <= 8350)
tax = income * 0.10;
else if (income <= 33950)
tax = 8350 * 0.10 + (income - 8350) * 0.15;
else if (income <= 82250)
tax = 8350 * 0.10 + (33950 - 8350) * 0.15 +

(income - 33950) * 0.25;
else if (income <= 171550)
tax = 8350 * 0.10 + (33950 - 8350) * 0.15 +
(82250 - 33950) * 0.25 + (income - 82250) * 0.28;
else if (income <= 372950)
tax = 8350 * 0.10 + (33950 - 8350) * 0.15 +
(82250 - 33950) * 0.25 + (171550 - 82250) * 0.28 +
(income - 171550) * 0.35;
else
tax = 8350 * 0.10 + (33950 - 8350) * 0.15 +
(82250 - 33950) * 0.25 + (171550 - 82250) * 0.28 +
(372950 - 171550) * 0.33 + (income - 372950) * 0.35;
}
else if(status==1){
if (income <= 16700)
tax = income * 0.10;
else if (income <= 67900)
tax = 16700* 0.10 + (income - 16700) * 0.15;
else if (income <= 137050)
tax = 16700 * 0.10 + (67900 - 16700) * 0.15 +

(income - 67900) * 0.25;
else if (income <= 208850 )
tax = 16700 * 0.10 + (67900 - 16700) * 0.15 +
(137050 - 67900) * 0.25 + (income -137050 ) * 0.28;
else if (income <= 372950)
tax = 16700 * 0.10 + (67900 - 16700) * 0.15 +
(137050 - 67900) * 0.25 + (208850 - 137050) * 0.28 +
(income - 208850) * 0.35;
else
tax = 16700 * 0.10 + (67900 - 16700) * 0.15 +
(137050- 67900) * 0.25 + (137050- 82250) * 0.28 +
(372950 - 208850) * 0.33 + (income - 372950) * 0.35;
}
System.out.println("Tax is " + (int)(tax)*(100) / 100.0);
}
}

Related Questions

Navigate

• Browse (All)
• Browse T
• Subjects

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.