Rates of tax from years of assessment ending 2021/22 (N$) Taxable Income N$ 0- 50 000 50 001 - 100 000 100 001 - 300 000 Not taxable 18% for each N$ above 50 000 9 000 + 25% for each N$ above 100 000...

Extracted text: Rates of tax from years of assessment ending 2021/22 (N$) Taxable Income N$ 0- 50 000 50 001 - 100 000 100 001 - 300 000 Not taxable 18% for each N$ above 50 000 9 000 + 25% for each N$ above 100 000 300 001 - 500 000 59 000 + 28% for each N$ above 300 000 500 001 - 800 000 115 000 + 30% for each N$ above 500 000 800 001 - 1 500 000 205 000 + 32% for each N$ above 800 000 Above 1 500 000 429 000 + 37% for each N$ above 1 500 000 1. Using the if, elseif, ·., else control structure, write a MATLAB program for calculating individual taxes (a) Using the program above, Compute a monthly tax (in Namibian Dollars) payable by an individual earning N$980, 953 per annum, with a tax free monthly allowance of N$15, 000. NB: Your answer to this question should be presented as a comment at the end of the main code, with all details. 2) Using the switch, case, · otherwise control structure, write a MATLAB program for calculating individual taxes. a) Using the program above, compute an annual tax (in Namibian Dollars) payable by an earning N$54, 340 per month, with a tax free annual allowance of N$43, 872. NB: individual Your answer to this question should be presented as a comment at the end of the main code, with all details. NB: EACH QUESTION MUST BE IN ITS OWN MATLAB FILE. DO EACH QUESTION SEPARATELY