Question: Ch 3 Program Dropbox Instructions For tax purposes, assume the assessed value of a house is 7 5 % of its actual value, and there

Ch 3 Program Dropbox Instructions For tax purposes, assume the assessed value of a house is 75% of its actual value, and there is a $6000 homeowner exemption for senior citizens. For example, if their house is valued at $145,000 its assessed value would be $108,7500. However they would only pay tax on $102,750. At last year's tax rate of $2.55 for each $100 of assessed value, their property tax would be $2620.13. In addition to the tax break, senior citizens are allowed to pay their property tax in four equal payments. The quarterly payment due on this property would be $655.03. Write a program that asks the user to input the actual value of a piece of property and the current tax rate for each $100 of assessed value. The program should then calculate and report how much annual property tax a senior homeowner will be charged for this property and what their quarterly tax bill will be. Format the output as shown below. Microsoft Visual Studio Debug Console Once your program is running with no errors, test the program with two different sets of data. Take a screen shot of the console window for each set of data. Submit the screen shots and the .cpp file to this assignment. Include comments in the program according to the guidelines shown in the General Instructions section at the top of this page. Contact your instructor if you have questions or need help.

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Databases Questions!