A town contains 500,000 houses each house owner pays taxes based on their value ,house over 200,000 pay 2% of their value, house over 100,000 pay 1.5% of their value ,house over 50 000 pay 1% of their value in taxes all others pay no taxes. write an algorithm to solve the problem in pseudocode solver
To solve the problem of calculating taxes for each house in the town, you can use the following pseudocode algorithm:
1. Initialize variables:
- totalTaxes = 0 (to keep track of the total collected taxes)
2. Iterate over each house in the town:
- For each house, get the house value.
- Check the value of the house using the following conditions:
- If the house value is greater than 200,000:
- Calculate the tax as 2% of the house value.
- Add the tax to the totalTaxes.
- Else if the house value is greater than 100,000:
- Calculate the tax as 1.5% of the house value.
- Add the tax to the totalTaxes.
- Else if the house value is greater than 50,000:
- Calculate the tax as 1% of the house value.
- Add the tax to the totalTaxes.
- Otherwise, the house value is below 50,000, and no taxes are applicable.
3. Print/return the totalTaxes.
Here's the pseudocode representation of the algorithm:
```
totalTaxes = 0
for each house in town:
value = getHouseValue()
if value > 200,000:
tax = 0.02 * value
totalTaxes = totalTaxes + tax
else if value > 100,000:
tax = 0.015 * value
totalTaxes = totalTaxes + tax
else if value > 50,000:
tax = 0.01 * value
totalTaxes = totalTaxes + tax
print totalTaxes
```
This algorithm calculates the tax individually for each house based on its value and accumulates the total taxes collected in the variable "totalTaxes". Finally, it prints or returns the total taxes.