Creating a Program to Calculate Weekly Average Tax Withholding

Creating a Program to Calculate Weekly Average Tax Withholding

Assignment Instructions

• Create a program that will calculate the weekly average tax withholding for a customer, given the following weekly income guidelines:
• Income less than $500: tax rate 10%
• Incomes greater than/equal to $500 and less than $1500: tax rate 15%
• Incomes greater than/equal to $1500 and less than $2500: tax rate 20%
• Incomes greater than/equal to $2500: tax rate 30%
• Store the income brackets and rates in a dictionary.
• Write a statement that prompts the user for an income and then looks up the tax rate from the dictionary and prints the income, tax rate, and tax.
• Develop Python code that implements the program requirements.