Question: Develop an algorithm, in the form of a Raptor flowchart, to compute and display the amount of federal income tax to be paid when provided

Develop an algorithm, in the form of a Raptor flowchart, to compute and display the amount of federal income tax to be paid when provided with the income as input. The Canadian Federal income tax rates for 2023 are:

15% on the first $53,359 of taxable income, plus

20.5% on the next $53,358 of taxable income (on the portion of taxable income over 53,359 up to $106,717), plus

26% on the next $58,713 of taxable income (on the portion of taxable income over $106,717 up to $165,430), plus

29% on the next $70,245 of taxable income (on the portion of taxable income over $165,430 up to $235,675), plus

33% of taxable income over $235,675

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