Answer:
TAX_RATE = 0.20
STANDART_DEDUCTION = 10000.0
DEPENDENT_DEDUCTION = 3000.0
gross_income = float(input("Enter the gross income: "))
number_of_dependents = int(input("Enter the number of dependents: "))
income = gross_income - STANDART_DEDUCTION - (DEPENDENT_DEDUCTION * number_of_dependents)
tax = income * TAX_RATE
print ("The income tax is $" + str(round(tax, 2)))
Explanation:
Define the <em>constants</em>
Ask user to enter the <em>gross income</em> and <em>number of dependents</em>
Calculate the <em>income</em> using formula (income = gross_income - STANDART_DEDUCTION - (DEPENDENT_DEDUCTION * number_of_dependents))
Calculate the <em>tax</em>
Print the <em>tax</em>
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round(number, number of digits) -> This is the general usage of the <em>round</em> function in Python.
Since we need <u>two digits of precision</u>, we need to modify the program as str(<u>round(incomeTax, 2</u>)).
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