Description
Write a program that can be used to calculate the federal tax. The tax is calculated as follows: For single people, the standard exemption is $4,000; for married people, the standard exemption is $7,000. A person can also put up to 6% of his or her gross income in a pension plan. The tax rates are as follows: If the taxable income is:
- Between $0 and $15,000, the tax rate is 15%.
- Between $15,001 and $40,000, the tax is $2,250 plus 25% of the taxable income over $15,000.
- Over $40,000, the tax is $8,460 plus 35% of the taxable income over $40,000. Prompt the user 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 gross income contributed to a pension fund Your program must consist of at least the following functions:
- Function getData: This function asks the user to enter the relevant data.
- Function taxAmount: This function computes and returns the tax owed.
To calculate the taxable income, subtract the sum of the standard exemption, the amount contributed to a pension plan, and the personal exemption, which is $1,500 per person. (Note that if a married couple has two children under the age of 14, then the personal exemption is $1,500 ∗ 4 = $6,000.)
Since your program handles currency, make sure to use a data type that can store decimals with a decimal precision of 2.
![Description: For this assignment, we are going to be organizing our variables into arrays! To the user it will appear that nothing has changed - but on the back end, we are making the code more efficient. You will also need to create a flowchart and an array diagram like the one pictured at the end of this document. Requirements: Using the guidelines below, implement the following arrays into your program. Remember to use global variables for array size rather than hard coding their size. 1. Create the following arrays:* a. productInventory[] – should store the quantities of products you currently have in-stock. This array should be updated whenever a product is sold. b. productPrices[] – this array stores the prices for your products c. productWeights[] – this array stores the weights for your products. d. productNames[] – this array holds the names of your products. *NOTE: These arrays should be parallel to each other for consistency. For example, index 0 is always in reference to product1 no matter which array is being referenced. 2. Once your arrays are created, update all references to product prices, inventory, weight, or name to be populated from the array (this includes calculations). 3. You should always be processing your arrays with loops rather than directly referencing an index. 4. Create a menu for the user to do the following: a. Display the contents of the arrays b. Calculate the total value of the inventory c. Look up the price of an item (user chooses the item) d. Identify the most expensive item in your inventory 5. Each of the above menu items should correspond with their own function. 6. Output must be labelled and easy to read as shown in the sample output below. 7. Program must be documented with the following: a. // Name b. // Date c. // Program Name d. // Description](https://gotit-pro.com/wp-content/uploads/2022/04/Array-Solution-Cpp-416x162.png)
