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Ryan02717
Ryan02717
09.07.2019 • 
Computers and Technology

[12] write a c++ console application that calculates the federal tax. the tax is calculate as follows: • for single people, the standard tax exemption is $4,000; • for married people, the standard tax exemption is $7,000. a person can also put up to 6% of their gross income in a pension plan. the tax rates are as follows, by taxable income: a) between $0-15,000 – the tax rate is 15%; b) between $15,001-40,000 – the tax is $2,250 plus 25% of the taxable income over $15,000; c) over $40,000 – the tax is $8,460 plus 35% of the taxable income over $40,000. prompt the usr to enter the following information: • marital status  if the marital status is "married", ask for the number of children under the age of 14 • gross salary (if the marital status is "married" and both spouses have income, enter the combined salary) • percentage of frosse income contributed to a pension fund your program must consist of at least the following functions: a) getdata: this function asks the user to enter the relevant data; b) taxamount: this function computes and returns the tax owed. to calculate the taxable income, subtract the sum of the sandard exemption, the amount contributed to a pension plan, and the personal exemption, which is $1,500 per person. (note: if married couple has two children under the age of 14, then the personal exemption is $1,500*4 = $6,000.)

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