Problem working out Assignment
Hi guys, not really a java problem.. but i'm stuck and wondering if i can get some help.
im 1/3 way through my assignment and the next criteria is as follows
My problem is i don't understand this Stamp duty. i've look around on the net and all i find is Calculators..
The program must allow the user to enter the following information:
**Your program should prompt the user to enter a number (with or without decimals) via the keyboard and then proceed to calculate the stamp duty payable. The result should then be displayed to the user in an easy to read format.
**The stamp duty brackets you will need to use are listed below.
Purchase Amount Percentage
< $20,000 1.4% of dutiable value
$20,001 - $115,000 + 2.4% of dutiable value (added to the previous amount)
$115,001 - $870,000 + 6% of dutiable value (added to the previous amount)
> $870,000 5.5% of dutiable value
Does anyone know how to work out stamp duty?
according to one website.. $300,000 value by these vigures should be about $13,000 stamp duty but i still cant figure it out..
i thought it would be 300,000 / 6% + (whatever previous amount is).. what is this previous amount?
if you can help it would be great