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[NEW SOLN] ITS320 MODULE 3 OPTION 2 : CREATING A PROGRAM TO CALCULATE WEEKLY AVERAGE TAX WITHHOLDING

[SOLVED] ITS320 MODULE 3 OPTION 2 : CREATING A PROGRAM TO CALCULATE WEEKLY AVERAGE TAX WITHHOLDING: Assignment Instructions

  1. 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%
  2. Store the income brackets and rates in a dictionary.
  3. Write a loop that prompts the user for an income, looks up the tax rate from the dictionary, and
    prints the income, tax rate, and tax. The loop runs indefinitely until the user enters a loop
    termination sentinel.
  4. Develop Python code that implements the program requirements.
    Assignment Submission Instructions
    • Submit a text file containing your Python code into the Module 3 drop box. Name your file ITS320_CTA3_Option1
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