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Question 2 Senior Citizen Property Tax Madison County provides a Rm5000 homeowner exemption for its senior citizens. For example, if their house is valued at

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Question 2 Senior Citizen Property Tax Madison County provides a Rm5000 homeowner exemption for its senior citizens. For example, if their house is valued at Rm 158,000 its assessed value would be Rm 94,800, as explained above. However, they would only pay tax on Rm 89,800. At last year's tax rate of Rm2.64 for each Rm 100 of assessed value their property tax would be Rm 2,370.72. In addition to the tax break, senior citizens are allowed to pay their property tax in 4 equal payments. The quarterly payment due on this property would be Rm 592.68. Write a program that asks the user to input the actual value of a piece of property and the current tax rate for each Rm 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. [15 marks) (Total Marks:25]

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