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Learn Challenge: Income Tax Calculation | Fundamentals and Functional Capabilities of Stream API
Stream API
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Stream API

Stream API

1. Fundamentals and Functional Capabilities of Stream API
4. Practical Applications of Stream API

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Challenge: Income Tax Calculation

Task

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Implement a program that calculates taxes based on income brackets, applying different tax rates depending on the income level.

  • If the income is over 100,000, the tax rate is 25%.
  • If the income is between 50,000 and 100,000, the tax rate is 15%.
  • If the income is below 50,000, the tax rate is 5%.

  1. Set the appropriate values in if and else if for the income conditions.
  2. Multiply the amount by the appropriate percentage in each case to get the correct tax amount.
  3. In the calculateTaxes method, iterate through the income array using a for-each loop.
  4. Add the tax for each income to the result list by using the taxFunction functional interface passed as a parameter.
  5. Store the result of the calculateTaxes method in the taxes variable.

Solution

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Section 1. Chapter 7
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book
Challenge: Income Tax Calculation

Task

Swipe to start coding

Implement a program that calculates taxes based on income brackets, applying different tax rates depending on the income level.

  • If the income is over 100,000, the tax rate is 25%.
  • If the income is between 50,000 and 100,000, the tax rate is 15%.
  • If the income is below 50,000, the tax rate is 5%.

  1. Set the appropriate values in if and else if for the income conditions.
  2. Multiply the amount by the appropriate percentage in each case to get the correct tax amount.
  3. In the calculateTaxes method, iterate through the income array using a for-each loop.
  4. Add the tax for each income to the result list by using the taxFunction functional interface passed as a parameter.
  5. Store the result of the calculateTaxes method in the taxes variable.

Solution

java

solution

Switch to desktopSwitch to desktop for real-world practiceContinue from where you are using one of the options below
Everything was clear?

How can we improve it?

Thanks for your feedback!

Section 1. Chapter 7
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