Question

Create a C# Console Application, name the solution Homework 6 and the project TaxRate.

Your Application should ask the user to enter their name and their salary. Your application should calculate how much they have to pay in taxes each year and output each amount as well as their net salary (the amount they bring home after taxes are paid!). The only taxes that we will consider for this Application are Federal and FICA. Your Application needs to validate all numeric input that is entered to make sure that they input a correct value (e.g. you need to make sure that salary is a double). If it is invalid, keep prompting them to enter their salary until they comply.

For your Application, you will need to create AT LEAST 3 Methods/Functions (not including the Main method).

• You need to create a Method namedCalculateFederalTax that will have areturn type of double and will accept 1 parameter of type doublethat will be used to determine the amount of Federal Taxes to be withheld. The method should determine which Federal tax bracket the individual belongs to and return the amount of Federal taxes to be withheld.

• You need to create a Method namedCalculateFICATax that will have a return type ofdouble and will accept 1parameter of type double that will be used to determine the amount of FICA Taxes to be withheld. The method should return the amount of FICA taxes to be withheld.

• You need to create a Method namedDisplayResults that will have a return type ofvoid and will accept 4parameters. The method will write a message on the console with the users name, their salary, the amount of Federal Tax that will be withheld, the amount of FICA Tax that will be withheld and their net salary (their salary - all taxes that were withheld). Your parameters should be as follows:

• Parameter 1 : Type string

• Parameter 2 : Type double

• Parameter 3 : Type double

• Parameter 4 : Type double

Use the information below to figure out what percent to deduct from the users salary for each income tax:

Federal

Tax rate	Taxable income bracket
10%	$0 to $9,525
12%	$9,526 to $38,700
22%	$38,701 to $82,500
24%	$82,501 to $157,500
32%	$157,501 to $200,000
35%	$200,001 to $500,000
37%	$500,001 or more

FICA - 6.2%

Answer 1

Program:

using System;

namespace taxRate
{
    class Program
    {
        //method to determine the amount of Federal Taxes to be withheld
        public static double CalculateFederalTax(double n)
        {
            if(n<=9525)
                return n*0.01;
            if(n<=38700)
                return n*0.12;
            if(n<=82500)
                return n*0.22;
            if(n<=157500)
                return n*0.24;
            if(n<=200000)
                return n*0.32;
            if(n<=500000)
                return n*0.35;
            return n*0.37;
        }
        //method to determine the amount of FICA Taxes to be withheld
        public static double CalculateFICATax(double n)
        {
            return n*0.062;
        }
        //method to write a message on the console
        public static void DisplayResults(string name, double salary, double fedtax, double ficattax)
        {
            Console.WriteLine("Name: " + name);
            Console.WriteLine("Gross Salary: " + salary);
            Console.WriteLine("Federal Tax: " + fedtax);
            Console.WriteLine("FICA Tax: " + ficattax);
            double netsalary = salary - fedtax - ficattax;
            Console.WriteLine("Net Salary: " + netsalary);
        }
        //main method
        public static void Main(string[] args)
        {
//read name
            Console.Write("Enter Name: ");
            string name = Console.ReadLine();
//read salary
            Console.Write("Enter Salary: ");
            double salary;
            while (!double.TryParse(Console.ReadLine(), out salary))
            {
                Console.Write("Error! Try again : ");
            }
//calculate Federal Tax
            double fedtax = CalculateFederalTax(salary);
//calculate FICA Tax
            double ficattax = CalculateFICATax(salary);
//display the details
            DisplayResults(name, salary, fedtax, ficattax);
            
            Console.ReadKey(true);
        }
    }
}

Output: