EBK C HOW TO PROGRAM
EBK C HOW TO PROGRAM
8th Edition
ISBN: 9780100663831
Author: Deitel
Publisher: YUZU
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Chapter 4, Problem 4.41MD

(Tax Plan Alternatives; The “FairTax”) There are many proposals to make taxation fairer. Check out the FairTax initiative in the United States at

www.fairtax.org

Research how the proposed FairTax works. One suggestion is to eliminate income taxes and most other taxes in favor of a 23% consumption tax on all products and services that you buy. Some FairTax opponents question the 23% figure and say that because of the way the tax is calculated, it would be more accurate to say the rate is 30%—check this carefully. Write a program that prompts the user to enter expenses in various categories (e.g., housing, food, clothing, transportation, education, health care, vacations), then prints the estimated FairTax that person would pay.

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Write the following
use python  When a share of common stock of some company is sold, the capital gain (or, sometimes, loss) is the difference between the share’s selling price and the price originally paid to buy it. This rule is easy to understand for a single share, but if we sell multiple shares of stock bought over a long period of time, then we must identify the shares actually being sold. A standard accounting principle for identifying which shares of a stock were sold in such a case is to use a FIFO protocol—the shares sold are the ones that have been held the longest (indeed, this is the default method built into several personal finance software packages). For example, suppose we: buy 100 shares at $20 each, buy 20 shares at $24 each, buy 200 shares at $36 each, sell 150 shares at $30 each, in this order. Then applying the FIFO protocol means that of the 150 shares sold, 100 were bought on day 1, 20 were bought on day 2, and 30 were bought on day 3. The capital gain in this case would…
What is printed by the following code? Please explain I’m confused

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EBK C HOW TO PROGRAM

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