Explanation of Solution
Given: The following lines of code:
Const ESTATE_TAX_EXEMPTION As Double = 1000000
Const TAX_RATE As Decimal = 0.45D
Dim valueOfEstate As Decimal = 3000000
Dim tax As Double = TAX_RATE * (valueOfEstate - ESTATE_TAX_EXEMPTION)
txtOutput.Text = "You owe " & tax.ToString(“C�) & " in estate taxes."
To find: The output produced by the given lines of code.
Const ESTATE_TAX_EXEMPTION As Double = 1000000
Const TAX_RATE As Decimal = 0.45D
Dim valueOfEstate As Decimal = 3000000
Dim tax As Double = TAX_RATE * (valueOfEstate - ESTATE_TAX_EXEMPTION)
txtOutput.Text = "You owe " & tax.ToString(“C�) & " in estate taxes."
Solution:
In the given lines of code, the constant named “ESTATE_TAX_EXEMPTION�, which is of the type, double, is initialized to 1000000 and the constant named “TAX_RATE�, which is of the type, decimal, is initialized to 0...
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