Create a Python program that will calculate the user’s net pay based on the tax bracket he/she is in.

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Explanation:

Create a Python program that will calculate the user’s net pay based on the tax bracket he/she is in.

Let the user's pay be y

say the user earns x amount

Let us say the tax brackets are 0-25, 26-50, 51-100 in percentage

0-25= 10% tax

26-50= 20% tax

51-100= 30% tax

The expression for the cost is

y= x+(x*t/100)

x= int(input("enter your pay here: "))

t= int(input("enter your tax rate here: "))

#calculates the pay after 10% deduction

if t in range(0,26):

   y=x-(x*10/100)   #this is the cost function

   print("your net pay after tax deduction is ", y)

#calculates the pay after 10% deduction

elif t in range(26,51):

   y=x-(x*20/100)   #this is the cost function

   print("your net pay after tax deduction is ", y)

#calculates the pay after 10% deduction

elif t in range(51,101):

   y=x-(x*30/100)   #this is the cost function

   print("your net pay after tax deduction is ", y)

else:

   print("you have entered incorrect values")

answerthe above statement is (true);