write a program to input income of a person and print tax amount based on the following conditions. Income Tax Up to Rs 150000 nil 10% of the salary exceeding Rs 150000 Above 150000 but up to 500000 20% of the salary exceeding Rs 500000, plus Rs.35000 Rs.95000 plus 30% of the salary exceeding Rs. 800000. Above 500000 but up to 800000 Above Rs 800000
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If you make $150,000 a year living in the region of California, USA, you will be taxed $48,337. That means that your net pay will be $101,663 per year, or $8,472 per month. Your average tax rate is 32.22% and your marginal tax rate is 34.75%.
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