Python: Progressive Tax Calculator | Python Interview Questions | DE Interview Questions | DS Quest

Video 165: In this video, we are going to build a progressive tax calculator.

We are given a income and the tax bracket. We are asked to build a function to calculate taxes based on income brackets. The function should addresses a common financial challenge by efficiently determining the tax amount for a given income.

The problem involves computing taxes considering progressive tax rates defined by different income brackets. For instance, an income of $50,000 may incur taxes at rates of 10%, 20%, 30%, and 40% for specific income ranges.

In this video, we walk you through the function which iterates through the income brackets, calculating the tax amount for each bracket based on the provided income. It adjusts the remaining income as it progresses through the brackets.

For a comprehensive understanding and practical demonstration, be sure to watch the entire video. Happy coding!

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