tax.java

import java.util.Scanner;

public class tax {
    public static void main(String[] args) {
        Scanner scanner = new Scanner(System.in);
        /*a gift is a transfer of property to another person against no compensation or payment.
        If the total value of the gifts you receive from the same donor in the course of 3 years 
        is €5,000 or more, you must pay gift tax.

        When a gift is given by a close relative or family member, the amount of gift tax is determined
        by the following table.

        VALUE OF GIFT           TAX AT THE LOWER LIMIT          TAX RATE(%) EXCEEDING PART

        5000-25000              100                             8
        25000-55000             1700                            10
        55000-200000            4700                            12
        200000-1000000          22100                           15
        1000000-                142100                          17
        
        For example 6000€ gift implies (100 + (6000-5000)*0.08) and that is 180€ of gift tax.

        Write a program that calculates the gift tax for a gift from a close relative or a family member.
        */

        System.out.println("Value of gift?");
        int num = Integer.valueOf(scanner.nextLine());
        double tax1 = 100 + (num - 5000)* 0.08;
        double tax2 = 1700 + (num - 25000)* 0.1;
        double tax3 = 4700 + (num - 55000)* 0.12;
        double tax4 = 22100 + (num - 200000)* 0.15;
        double tax5 = 142100 + (num - 1000000)* 0.17;

        
        if (num < 5000){
            System.out.println("No tax!");
        }
        else if (num >= 5000 && num <= 25000) {
            System.out.println("Tax: "+tax1);

        }
        else if  (num > 25000 && num <=55000){
            System.out.println("Tax:"+tax2);
        }
        else if (num > 55000 && num <= 200000) {
            System.out.println("Tax:"+tax3);
        }
        else if (num > 200000 && num <= 1000000) {
            System.out.println("Tax:"+tax4);
        }
        else if (num > 1000000) {
            System.out.println("Tax:"+tax5);
        }
    }
    
}