Tax Calculator program Introduction / Problem Statement Write a python program that calculate tax refund based on steps below, use only functions no objects. Step 1. Calculate the standard deduction....

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Tax Calculator program Introduction / Problem Statement Write a python program that calculate tax refund based on steps below, use only functions no objects. Step 1. Calculate the standard deduction. For this problem we are going to assume only two marital status positions. If you are single, you get a $12,200 standard deduction. If you filed married, you get a $24,400 standard deduction. Step 2. Calculate the adjusted gross income. To calculate your taxes owed, you take the wages and subtract the standard deductions. This gives you your adjusted gross income (AGI).  Step 3. Calculate the tax refund or taxes owed. You then use the tables below with the AGI to calculate the taxes.  If the taxes are greater than what was paid, you owe taxes. If the taxes were less, you get a refund. Example First Name = Kevin Last Name = Martin Total Wages = 50000 Taxes Paid = 30000 Marital Status = single Kevin Martin’s refund is going to be $25,658.00! Example First Name = Sarah Last Name = Hayland Total Wages = 25000 Taxes Paid = 1000 Marital Status = single Sarah Hayland still owes $342.00 in taxes!
Answered 1 days AfterApr 09, 2021

Answer To: Tax Calculator program Introduction / Problem Statement Write a python program that calculate tax...

Vibhav answered on Apr 10 2021
163 Votes
taxCalculator/1.JPG
taxCalculator/taxCalculator.py
firstName = input("Enter first name: ")
lastNa
me = input("Enter last name: ")
totalWages = int(input("Enter total wages: "))
paid = int(input("Enter taxes paid: "))
status = input("Enter marital status (single/married): ")
if status=="single":
deduction = 12200
else:
deduction = 24200

agi = totalWages - deduction
#print(agi)
if status=="single":
if agi<9875:
...
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