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Unformatted text preview: 15-100 RECITATION 3 - FALL 2007A person owes taxes on his/her income to the federal government each year. A simplified version of the rules for the current year are summarized as follows. A person's total income consists of the sum of his/her wages, unemployment compensation and bank interest. A person may file as a single person, or may file jointly as part of a married couple. If filing jointly, the total income is computed based on the total of the couple. The standard deduction to the total income is $5150 for a single person or $10300 for a married couple filing jointly. Additionally, if this person/couple cannot be claimed as dependent(s) on another's tax return, they can deduct an additional $3300(single) / $6600(married). The total income minus any deduction(s) is this person's taxable income. If this value is negative, the taxable income is set to $0. Exercise Using Eclipse, write a simple Java program in a project named Recitation3that contains a class named TaxCalculatorwith a...
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- Fall '07
- Taxation in the United States, $0, $3300, $2750