Problem Statement: The New Jersey State income tax is assessed at 2% of taxable income for incomes less than or equal to $20,000. For taxable incomes greater than $20,000, state taxes are 2.5% of the income exceeding $20,000 plus a fixed amount of $400. Determine how much an individual in New Jersey will be required to pay in taxes. 1. Create a data set that contains the taxable income of 15 individuals where taxable income varies between $11,000 to $60,000. Provide the data set in the following table format: 2. Construct an algorithm to identify the sequence of steps need to perform the computation. 3. Construct a pseudocode to describe the steps and methods needed to obtain the computational result (i.e., the amount to pay in taxes). 4. Generate a MATLAB script that determines how much an individual in New Jersey will be required to pay in taxes. 5. Submit your table, algorithm, pseudocode, and script on Blackboard by Tuesday