By: Mark Krupnik, PhD, Founder and CEO,
Retalon
Since this article will probably come out during Income tax season, let me start with the following example: Suppose we would like to build a program that calculates income tax for people. According to US federal income tax rules: “For single filers, all income less than $9,875 is subject to a 10% tax rate. Therefore, if you have $9,900 in taxable income, the first $9,875 is subject to the 10% rate and the remaining $25 is subject to the tax rate of the next bracket (12%)”. This is an example of rules or an algorithm (set of instructions) for
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