A town contains a total of 5000 houses. Every house owner has to pay tax based on value of the house. Houses over $200 000 pay 2% of their value in tax, houses over $100 000 pay 1.5% of their value in tax and houses over $50 000 pay 1% of their value in tax. All others pay no tax. Write an algorithm to solve this problem using pseudocode.

for count = 1 to5000

input house

if house > 50 000 then tax = house * 0.01

else if house > 100 000 then tax = house * 0.015

else if house > 200 000 then tax = house * 0.02

else tax = 0

print tax

next

Notes: (1) a while loop or a repeatloop would have worked just as well

   (2) The use of endif isn't essential in the pseudocode

 For illustration,

count = 0

while count < 5001

input house

if house > 50 000 then tax = house * 0.01

else if house > 100 000 then tax = house * 0.015

else if house > 200 000 then tax = house * 0.02

else tax = 0

endif

endif

endif

print tax

count = count + 1

endwhile