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QUESTION
Develop an algorithm, using Raptor, to calculate the Canadian federal income tax for any given income provided as input to the algorithm. The...
Develop an algorithm, using Raptor, to calculate the Canadian federal income tax for any given income provided as input to the algorithm. The Canadian Federal income tax rates for 2018 are ( http://www.cra-arc.gc.ca/tx/ndvdls/fq/txrts-eng.html):
- 15% on the first $46,605 of taxable income
- 20.5% on the next $46,603 of taxable income (on the portion of taxable income over 46,605 up to $93,208)
- 26% on the next $51,281 of taxable income (on the portion of taxable income over $93,208 up to $144,489)
- 29% on the next $61,353 of taxable income (on the portion of taxable income over 144,489 up to $205,842)
- 33%of taxable income over $205,842.
Note: The submission must be an executable Raptor file of your flowchart solution.
