In progressive tax systems, tax rates change according to the income. Tax brackets are divisions that regulate those changes.
Here’s an example of tax brackets in a certain tax system:
0 — 15,527: 0% tax
15,528 — 42,707: 15% tax
42,708 — 132,406: 25% tax
132,407 and more: 28% tax
Suppose we use a simplified version of taxation and apply one tax rate to the entire amount of money.
Write a program that calculates the tax that a person’s going to pay based on their income.
The input format:
The value of someone’s taxable income (in dollars).
The output format:
The tax for {income} is {percent}%. That is {calculated_tax} dollars!
Round your calculated_tax to the nearest integer.