I am trying to create a tiered tax calculator.
The user enters an amount, say 500,000
From that amount, I then have the following tiers that tax is charged as follows:
0 - 125,000 = 0%
125,001 - 250,000 = 2%
250,001 - 925,000 = 5%
925,001 - 1,500,000 = 10%
1,500,001 - or more = 12%
So no tax on the first 125,000
, then 2%
on the next 124,999
and so on.
I can come up with long winded calculations with far too many lines of code. I am sure there is a relatively simple way to do this, so I am bowing to the greater knowledge of folks here to find a more concise method.