after i take the inputs i need to determine the gross pay. and the amount of taxes. im having trouble with the taxes part. its kind of confusing
the requirements are:
the first 100 dollars are tax free
over 100 but less than 500, tax is 15 percent
over 500, tax is 28 percent plus 60 dollars
so if the gross pay is $400, tax should be 45 dollars.
this is because the first 100 is tax free, then u have $300 left over. and 15 percent of 300 is 45
thats how it works.
please help me asap. i am using visual logic. thanks.