Part 2: Hypothetical Tax Code 2 Under Hypothetical Tax Code 2, the tax rate on the first $25,000 of taxable income is 18% and the tax rate on any additional income is 27%. Another way to explain these rates is as follows: . For taxable income from $0 to $25,000, you pay 18% of your taxable income in taxes, plus For taxable income above $25,000, you pay 27% of your taxable income. . Question 2 0.8 pts Under the Hypothetical Tax Code 2, if you earn $68,279 a year in total income, then how much total tax do you pay? Report your answer rounded to two decimal places