Tax Calculator programIntroduction / Problem StatementWrite a python program that calculate tax...

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Tax Calculator programIntroduction / Problem StatementWrite a python program that calculate tax refund based on steps below, use only functions no objects.Step 1. Calculate the standard deduction. For this problem we are going to assume only two marital status positions. If you are single, you get a $12,200 standard deduction. If you filed maied, you get a $24,400 standard deduction.Step 2. Calculate the adjusted gross income. To calculate your taxes owed, you take the wages and subtract the standard deductions. This gives you your adjusted gross income (AGI). Step 3. Calculate the tax refund or taxes owed. You then use the tables below with the AGI to calculate the taxes.  If the taxes are greater than what was paid, you owe taxes. If the taxes were less, you get a refund.Example  First Name = KevinLast Name = MartinTotal Wages = 50000Taxes Paid = 30000Marital Status = singleKevin Martin’s refund is going to be $25,658.00!Example  First Name = SarahLast Name = HaylandTotal Wages = 25000Taxes Paid = 1000Marital Status = single Sarah Hayland still owes $342.00 in taxes!

Vibhav · Accepted Answer

taxCalculator/1.JPG
taxCalculator/taxCalculator.py
firstName = input("Enter first name: ")
lastName = input("Enter last name: ")
totalWages = int(input("Enter total wages: "))
paid = int(input("Enter taxes paid: "))
status = input("Enter marital status (single/married): ")
if status=="single":

Tax Calculator program Introduction / Problem Statement Write a python program that calculate tax refund based on steps below, use only functions no objects. Step 1. Calculate the standard deduction....

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