ACC103 IT in Accounting Assignment

Reference no: EM132612899

ACC103 IT in Accounting

Requirement 1
Calculate the income tax that each client would pay if people pay no income tax below $10,500, and income tax at 15%.

Requirement 2
Suppose that the income tax regime is a bit more complicated: incomes equal and above $10,500 attract tax at 13 percent, but incomeequal and above $26.000 attract tax at a higher rate of 20 percent. Calculate the income tax that each client would pay?

Requirement 3
Suppose that the income tax regime is more complicated and is charged as follows (these approximate to the rates for single people for 2019.

Income Tax Rates
$0	0%
$10,500	14%
$26,000	22%
$65,000	29%
$157,500	35%
$200,000	39%
$500,000	49%

Attachment:- IT in Accounting.rar

Reference no: EM132612899

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