Look Basic 2019 Federal Income Tax Rates Single Filers Going Site Nerdwalletcom Expanding Q43860964
Look up the basic 2019 federal income tax rates for singlefilers by going to this site at nerdwallet.com and expanding thesection for Single Filers. Write pseudocode for computing anindividuals basic tax rate using the rightmost two columns of thattable. Test your algorithm using these two values:
• $10,000 per year should result in $1006 taxes owed.
[Mathematically, the formula is $970+($10,000-$9700)*0.12]
• $100,000 per year should result in $18,174.50 taxes owed.
[Mathematically, the formula is$14382.50+($100,000-$84,200)*0.24]
(Note: taxes are much more complicated than this; numerouscredits and deductions typically apply. This question is just anexercise in writing pseudocode.)
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