Unformatted text preview: Social Security tax : In 2008, this is 6.2% on income up to $97,500** Medicare tax : In 2008, this is 1.45% on all income.** Assume all income is taxable and write a program that inputs 1) the person’s income, income , and then outputs the owed 1) federal tax, fedtax , 2) social security tax, sstax , 3) medicare tax, meditax . 4) total taxes, totaltax . Display all of the inputs and outputs by using the fprintf command, complete with an explanation in a reasonable format. Run the program three separate times with incomes: $32,000, $85,000 and $169,000. Submit hard copy of published format for the $85,000 case only *Perez, William. “2008 Tax Rate Schedules” < http://taxes.about.com/od/2008taxes/qt/2008_tax_rates.htm > **US Government, “Social Security Online Electronic Fact Sheet” < http://www.ssa.gov/pubs/10003.html >...
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This note was uploaded on 02/18/2012 for the course EML 3035 taught by Professor Daly,j during the Spring '08 term at University of South Florida.
- Spring '08