A county collects property taxes on the assessment value of property, which is 60 percent of the property’s actual value. If an acre of land is valued at $10,000, its assessment value is $6,000. The property tax is then $0.64 for each $100 of the assessment value. The tax for the acre assessed at $6,000 will be $38.40. Create a GUI application that displays the assess- ment value and property tax when a user enters the actual value of a property.

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Running Time of Application

The application has a feature called running time. It is one of the parameters for measuring its performance. It is written in a particular language and is designed to perform a specific task. Applications run in a specific environment. The execution of the business will depend on the application’s running time. It must be optimized in order to get the maximum benefits out of the application.