Which IF statement computes the graduated tax for the middle bracket Income Tax Bracket 0 - 10,000 10% 1000140000 25% 40,001 UP solve
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Answer:
Step-by-step explanation:
Let say Taxable income = x
if (x < 10000)
{
Income tax = 0
}
Elseif ( x < 40000)
{
income tax = (10/100)(x - 10000)
}
Else
{ income tax = 3000 + (25/100) * ( x - 40000) }
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