An application allows the user to enter a salary amount.The application should then calculate and display the possible bonuses based on that salary,using bonus rates of 3-6% in increments of .5%.
Definitions:
Average Tax Rate
The proportion of total income paid in taxes, calculated by dividing total tax amount by total income.
Circular 230
Regulations and guidelines issued by the US Department of the Treasury for tax professionals regarding practice before the IRS.
Certified Public Accountants
Licensed accounting professionals who have passed the CPA examination and met state certification and experience requirements, skilled in areas such as audit, tax, and financial consulting.
Enrolled Agents
Tax professionals licensed by the federal government to represent taxpayers in matters regarding the Internal Revenue Service (IRS).
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