Personal Income Tax Calculator
Learn about branching and logical operators, and use them for calculating income tax.
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Problem
Here, we have the Australian personal income tax rates for some financial years:
Taxable income | Tax on this income |
0–$18,200 | Nil |
$18,201–$37,000 | 19c for each $1 over $18,200 |
$37,001–$80,000 | $3,572 plus 32.5c for each $1 over $37,000 |
$80,001–$180,000 | $19,822 plus 37c for each $1 over $80,000 |
$180,001 and over | $54,232 plus 45c for each $1 over $180,000 |
Note: An Australlian dollar has 100 cents. An expression such as 19c means 19 cents.
Write a program to calculate how much tax an Australian needs to pay based on the above information.
Assume that the annual salary is available to your program in a variable
annual_incomeof typeString.The program should store the calculated tax in the
income_taxvariable.
annual_income = 80000 # For annual income of $80000income_tax = 17547.0 # The payable tax is $17547
Purpose
Use of
if, ...