Compute the income tax according to this schedule

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Reference no: EM132171849

Using Python :

The original U.S. income tax of 1913 was quite simple. The tax was

• 1 percent for the first $50,000

• 2 percent on the amount over $50,000 up to $75,000.

• 3 percent on the amount over $75,000 up to $100,000.

• 4 percent on the amount over $100,000 up to $250,000.

• 5 percent on the amount over $250,000 up to $500,000.

• 6 percent on the amount over $500,000

Write a function name tax_1913 that compute the income tax according to this schedule and show your output for an income of $89,000 and $278,000.

Reference no: EM132171849

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