Problem 1 Excerpted Textbook Modified Version County County Property Tax Charged Based Cur Q43901195
PROBLEM 1 (Excerpted from the textbook – modified version):
In a county (“county”) property tax is charged based on thecurrent value of the property. This
It works as follows (example):
1) Suppose the current value of an acre of land is $ 10,000.
2) Suppose that 60% of the property value is charged in thiscounty. Then for
the acre of land with a value of $ 10,000, will be charged taxon $ 6,000 (60% of $ 10,000).
3) The amount of tax receivable is based on the annual tax ratefor every $ 100 dollars. So in
The previous example, if this county charges $ 0.64 of tax forevery $ 100, the tax to be charged for
The acre of land is $ 38.40 ($ 6,000 / 100×0.64).
Write a program that you request:
1) The current value of the property
2) The% of the value of the property that is subject to taxes inthis county
3) The annual tax rate for every $ 100 dollars
With the previous data it is wanted that the program generates areport as follows (adjusted to the given example
previously, but remember that the program works with variablesand that the data may be different).
(Note that the example screen shows both the data entry processand the report format of
exit required by the client)
Enter the current value of the property: $ 10,000
Enter the% of the value of the property that is subject to tax:%60
Enter the annual tax rate for every $ 100 dollars: 0.64
ANNUAL PROPERTY TAX REPORT
Value% of Value Amount Rate Tax Tax
Current Paying Paying x each Annual at
Property Tax Tax $ 100 Pay
$ 10,000 60% $ 6000 $ 0.64 $ 38.40
C++ program
Expert Answer
Answer to PROBLEM 1 (Excerpted from the textbook – modified version): In a county (“county”) property tax is charged based on …
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