Discrete Mathmematics for Computing

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5 Write an algorithm to calculate the tax payable on a given taxable income, according to the following rules: Taxable income Tax $1-$5400 $5401-$20700 $20701-$38000 $38001-$50000 O plus 20 cents for each $1 over $5400 $3060 plus 34 cents for each $1 over $20700 $8942 plus 43 cents for each $1 over $38000 $14102 plus 47 cents for each $1 over $50000 $50001 and over