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Math Functions in Python
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How to calculate Income Tax • • Program:Income Tax Calculator • Author: Syeda Nizami • This program calculates income tax for an individual • • TAX_RATE=0.20 #standarad tax rate • STANDARAD_DEDUCTION=10000.0 • DEPENDENT_DEDUCTION=3000.0 • gross_income=float(input( Enter your gross income )) • numOfdependents=int(input( Enter number of dependents )) • taxableIncome=gross_income-STANDARAD_DEDUCTION-(DEPENDENT_DEDUCTION*numOfdependents) • incomeTax=taxableIncome*TAX_RATE • print( The income tax is $ +str(incomeTax))
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