I have been stuck on this question for awhile!!! please help me with explainatio

Question

I have been stuck on this question for awhile!!! please help me with explainations and sample coding would be greatly appreciated! BY THE WAY THIS IS MATLAB CODING!

The author of this book now lives in Australia. In 2009, individual citizens and residents of Australia paid the following income taxes: Taxable Income (in A5) S0-$6,000 $6,001-$34,000 $34,001-$80,000 $80,001-$180,000 Over $180,000 Tax on This Income None 15¢ for each $1 over se,000 $4,200 plus 30e for each S1 over $34,000 18,000 plus 40¢ for each $1 over S80.000 $58,000 plus 45¢ for each $1 over S 180,000 In addition, a flat 1.5% Medicare levy is charged on all income, write a program to calculate how much income tax a person will owe based on this information. The program should accept a total income figure from the user, and calculate the income tax. Medicare levy, and tal tax payable by the individual.

Explanation / Answer

Hi below i have given the MATLAB code for your reference, TaxableIncome=input('Please provide taxable income in Australian Dollars:'); IncomeTax=0; MedicareLevy=(TaxableIncome*0.015); % TotalTax=IncomeTax + MedicareLevy; 0 && MedicareLevy>0 end if TaxableIncome>=0 end if TaxableIncome>=0 && TaxableIncome6000&& TaxableIncome20000 && TaxableIncome50000 && TaxableIncome60000 IncomeTax=15580+0.47*(TaxableIncome-60000); end TotalTax=IncomeTax + MedicareLevy; fprintf('Income Tax is %f. ', IncomeTax); fprintf('Medicare Levy is %f. ', MedicareLevy); fprintf('Total Tax is %f. ', TotalTax);

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