Chapter $05$ Programming Exercises

Exercise: $01-$ Property Tax

A county collects property taxes on the assessment value of property, which is $75$ percent of the property's actual value. For example, if an acre of land is valued at $$13,333\mathrm{.}33,$ its assessment value is $$10,000.$ The property tax is then $$1\mathrm{.}11$ for each $$100$ of the assessment value. The tax for the acre assessed at $$10,000$ will be $$111\mathrm{.}00.$ Write a program that asks for the actual value of a piece of property and displays the assessment value and property tax.

$\backslash$table$[[$Input:$,$Expected,Code$],[125000\mathrm{.}00,$output:,Structures$],[,$Enter the actual,Needed:$],[,$property value:,f$-$string$],[,$The assessed,functions$],[,$value is$,$main$],[,$$$93,750\mathrm{.}00,($function$)],[,$The property tax,$],[,$is $$1,040\mathrm{.}07,]]$