A county collects property taxes on the assessed value of property, which is 60 percent of its actual value. For example, if a house is valued at $158,000.00 its assessed value is $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 for each $100.00 of assessed value, the annual property tax for this house would be $2502.72. Write a program that asks the user for the actual value of a piece of property and the current tax rate for each $100.00 of assessed value. The program should then calculate and display how much annual property tax the homeowner will be charged for his or her property. The program should also display the Property Value, the Assessed Value, and the Tax Rate. Display all monetary values to two decimal places Property Value: Tax Rate $100,000.00 2.64
Max Function
Statistical function is of many categories. One of them is a MAX function. The MAX function returns the largest value from the list of arguments passed to it. MAX function always ignores the empty cells when performing the calculation.
Power Function
A power function is a type of single-term function. Its definition states that it is a variable containing a base value raised to a constant value acting as an exponent. This variable may also have a coefficient. For instance, the area of a circle can be given as:
A county collects property taxes on the assessed value of property, which is 60 percent
of its actual value. For example, if a house is valued at $158,000.00 its assessed value
is $94,800. This is the amount the homeowner pays tax on. If the tax rate is $2.64 for
each $100.00 of assessed value, the annual property tax for this house would be
$2502.72.
Write a program that asks the user for the actual value of a piece of property and the
current tax rate for each $100.00 of assessed value. The program should then calculate
and display how much annual property tax the homeowner will be charged for his or her
property. The program should also display the Property Value, the Assessed Value, and
the Tax Rate. Display all monetary values to two decimal places
Property Value: Tax Rate
$100,000.00 2.64
$200,000.00 2.05
$350,000.00 3.10
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