Challenge: Income Tax Calculation
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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%.
- Set the appropriate values in
if
andelse if
for the income conditions. - Multiply the amount by the appropriate percentage in each case to get the correct tax amount.
- In the
calculateTaxes
method, iterate through the income array using afor-each
loop. - Add the tax for each income to the
result
list by using thetaxFunction
functional interface passed as a parameter. - Store the result of the
calculateTaxes
method in thetaxes
variable.
Solution
solution
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