Design (pseudocode) and implement (source code) a program (name it IncomeTax) that reads from the user annual income, as integer value, and calculates the income tax based on the tax table below.

Income

Tax bracket

Annual income <= $50,000

5%

$50,000 < Annual income <= $200,000

10%

$200,000 < Annual income <= $400,000

15%

$400,000 < Annual income <= $900,000

25%

$900,000 < Annual income

35%

The program output should include the entered annual income followed by the applied tax bracket and the tax amount. Document your code and properly label the input prompts and the outputs as shown below.

Note: Taxes are computed based on brackets. For example, if ones income falls in the 15% bracket, the first $50,000 is taxed at 5% rate, the next $100,000 is taxed at the 10% rate, and the remaining income is taxed at the 15% rate.

Sample run 1:

Annual Income:$25,000

Tax Bracket:5%

Tax due amount:$1250

Sample run 2:

Annual Income:$350,000

Tax Bracket:15%

Tax due amount:$37500

Sample run 3:

Annual Income:$800,000

Tax Bracket:25%

Tax due amount:$120000