What Is the Output of the Following Code Snippet

question 28

Multiple Choice

What is the output of the following code snippet?
Double income = 45000;
Double cutoff = 55000;
Double minIncome = 30000;
If (minIncome > income)
{
System.out.println("Minimum income requirement is not met.") ;
}
If (cutoff < income)
{
System.out.println("Maximum income limit is exceeded.") ;
}
Else
{
System.out.println("Income requirement is met.") ;
}

• A) Minimum income requirement is not met.
• B) Maximum income limit is exceeded.
• C) Income requirement is met.
• D) There is no output.

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Definitions:

Progressive Tax

A tax system where the rate of taxation increases as the taxable income or amount increases, placing a higher burden on wealthier individuals.

Income

The financial gain (earned or unearned) accruing over a given period of time.

Federal Excise Tax

A tax imposed by the federal government on the sale of specific goods and services, such as tobacco and alcohol.

Benefits-received Principle

A taxation theory suggesting that individuals should pay taxes in proportion to the benefits they receive from government services.