Question

IN C

Suppose a county tax collector collects property taxes on the assessed value of each piece of property in their county. Here are the tax collector's rules for taxes:

• Assessed value is calculated at the rate of 75% of the property's actual value.

• Homeowners who live at their property are provided with a $10,000 homeowner exception that further reduces their assessed value below the 75% level.

• Homeowners are allowed to be billed in quarterly installments if they live at their property.

• In the current year, suppose the property tax rate is $18.90 for each $1000 of assessed value.

Write a program that prompts for a property's actual value and whether it is owner-occupied for the homeowner's exception. Based on this information, calculate and display the assessed value, the tax owed and what each quarterly tax bill would be (if owner-occupied). The program dialogue is shown below.

In order to receive full credit, you must declare one or more const values and use a loop.

The round()function provided by math.h may be useful. Include it with #include.

Each iteration of the loop will process three inputs:

1. Property value

2. Homeowner exception

3. Whether or not to continue the loop

   What is the property's actual value: 100000
   Does the homeowner's exception apply (1=yes, 0=no): 0
   Assessed value is: $75000.00
   Property tax owed is: $1417.50
   Quarterly tax option not available
   Do you want to continue [1=yes, 0=no]: 1
   
   What is the property's actual value: 100000
   Does the homeowner's exception apply (1=yes, 0=no): 1
   Assessed value is: $65000.00
   Property tax owed is: $1228.50
   Quarterly tax owed is: $307.13
   Do you want to continue [1=yes, 0=no]: 1
   
   What is the property's actual value: 158000
   Does the homeowner's exception apply (1=yes, 0=no): 1
   Assessed value is: $108500
   Property tax owed is: $2050.65
   Quarterly tax owed is: $512.66
   Do you want to continue [1=yes, 0=no]: 1
   
   What is the property's actual value: 158000
   Does the homeowner's exception apply (1=yes, 0=no): 0
   Assessed value is: $118500.00
   Property tax owed is: $2239.65
   Quarterly tax option not available
   Do you want to continue [1=yes, 0=no]: 0

Answer 1

Below is the required program in C. All the explanation has been included inside the code using comments. If you still find any difficulty, please let me know.

#include

int main()

{

       // variables

       double propertyValue;             // property value

       int homeownerException;           // whether it is home owner exception

       int continueLoop;                 // to track whether to continue loop

       double assessedValue;             // Assessed value

       double propertyTax;               // Property Tax owed

       double qtrlyTax;                  // Quaterly Tax owed

       // constants

       double ASS_RATE = 0.75;                  // Assessed value rate

       int HO_EXCEPTION = 10000;         // home owner exception

       double TAX_RATE = 18.9/1000;      // Tax rate $18.9 per $1000

      

       // loop to iterate the steps

       do{

              // prompt and read the property's actual value

              printf("\n\nWhat is the property's actual value: ");

              scanf("%lf", &propertyValue);

              // prompt and read if homeowner's exception apply

              printf("Does the homeowner's exception apply (1=yes, 0=no): ");

              scanf("%d", &homeownerException);

              // calculate assessed value which is 75% of property's actual value

              assessedValue = ASS_RATE*propertyValue;

              // if homeowner's exception apply, reduce the assessed value further

              if (homeownerException == 1)

              {

                     assessedValue -= HO_EXCEPTION;

              }

              // display assessed value

              printf("Assessed value is: $%.2f\n", assessedValue);

              // calculate the property tax

              propertyTax = TAX_RATE*assessedValue;

              // display property tax owed

              printf("Property tax owed is: $%.2f\n", propertyTax);

              // calculate quarterly tax, if applied

              qtrlyTax = propertyTax / 4;

              // display quarterly tax

              if (homeownerException == 1)

              {

                     printf("Quarterly tax owed is: $%.2f\n", qtrlyTax);

              }

              else

              {

                     printf("Quarterly tax option not available\n");

              }

              // ask if user want to continue

              printf("Do you want to continue [1=yes, 0=no]: ");

              scanf("%d", &continueLoop);

       } while (continueLoop == 1);

       return 0;

}

Sample Output