Answer to Question #62196 in Python for Chris

Question

TAX LAB
Country X calculates tax for its citizens using a graduated scale rate as shown below:

Yearly Income: 0 - 1000

Tax Rate: 0%

Yearly Income: 1,001 - 10,000

Tax Rate: 10%

Yearly Income: 10,001 - 20,200

Tax Rate: 15%

Yearly Income: 20,201 - 30,750

Tax Rate: 20%

Yearly Income: 30,751 - 50,000

Tax Rate: 25%

Yearly Income: Over 50,000

Tax Rate: 30%

Write a Python function named calculate_tax that will take as an argument, a dictionary containing key-value pairs of people's names as the keys and their yearly incomes as the values.

The function should return a dictionary containing key-value pairs of the same people’s names as keys and their yearly tax bill as the values. For example, given the sample input below:

{