Calculate income tax for the given income by adhering to the below rules
Taxable Income |
Rate (in %) |
First $10,000 |
0 |
Next $10,000 |
10 |
The remaining |
20 |
Expected Output:
For example, suppose the taxable income is 45000 the income tax payable is
10000*0% + 10000*10% + 25000*20% = $6000.
Solution:
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