Absolute C++
6th Edition
ISBN: 9780133970784
Author: Walter Savitch, Kenrick Mock
Publisher: Addison-Wesley
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Chapter 2, Problem 2PP
You have just purchased a stereo system that cost $1,000 on the following credit plan: no down payment, an interest rate of per year (1.5% per month), and monthly payments of $50.
The monthly payment of $50 is used to pay the interest, and whatever is left is used to pay part of the remaining debt. Hence, the first month you pay 1.5% of $1,000 in interest. That is $15 in interest. The remaining $35 is deducted from your debt, which leaves you with a debt of $965.00. The next month you pay interest of 1.5% of $965.00, which is $14.48. Hence, you can deduct $35.52 (which is $50 - $14.48) from the amount you owe.
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TABLE 4.2 2009 U.S. Federal Personal Tax Rates
Marginal
Tax Rate
10%
15%
25%
28%
33%
35%
Single
$0-$8,350
$8,351-$33.950
$33,951-$82,250
$82,251 - $171,550
$171,551-$372,950
$372,951+
Married Filing Jointly
$0-$16,700
$16,701-$67,900
$67.901-$137,050
$137,051 - $208,850
$208,851-$372,950
$372,951+
Married Filing Separately
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$68,526-$104,425
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$186,476+
Head of Household
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$45,501-$117,450
$117.451-$190,200
$190,201-$372,950
$372.951+
You are to write a program to…
Chapter 2 Solutions
Absolute C++
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