Progressive Taxation Now that we've made so much money with our investment, it's time to pay taxes on it. Write a function with a parameter income that calculates the amount of income tax owed according to the specified tax brackets below: income cap marginal tax rate 10000 0.00 (0%) 40000 0.12 (12%) 85000 0.22 (22%) 163000 0.24 (24%) 200000 0.32 (32%) 500000 0.35 (35%) 100000000 0.37 (37%) How Tax Brackets Work A tax bracket is a range of income based on an income cap. Each bracket is taxed at a different marginal tax rate, meaning that only the part of your income that falls within a specific tax bracket gets taxed by the corresponding marginal tax rate for that tax bracket. For example, if income = $150,000, the first $10,000 that fall in the tax bracket [0, 10000] would be taxed at 0%, the next $30,000 that fall in the tax bracket (10000, 40000] would be taxed at 12%, the next $45,000 that fall in the tax bracket (40000, 85000) would be taxed at 22%, and the remaining $65,000 that fall in the tax bracket (85000, 163000] would be taxed at 24%. Your total tax owed would be the sum of the tax amounts at each tax bracket. So if income = $150,000, then tax owed = (30,000 * 0.12) + (45,000 * 0.22) + (65,000 * 0.24) = $29100. For more information on how tax brackets work, read more here. This function could be implemented with a while loop or with a series of if or if/elif/else statements. You can decide how you want to implement the function. (Note: you might find that this function is much more straight forward if you implement it using if statesments (or if/elif/else).) Before you begin writing any code, try writing out the pseudocode for your function. Think about how you would calculate the taxed owed if you did the math by hand and use this to help you in the implementation. #income cap marginal tax rate # [0, 10000] 0.00 (0%) # (10000, 40000] 0.12 (12%) # (40000, 85000] 0.22 (22%) # (85000, 163000) 0.24 (24%) # (163000, 200000] 0.32 (32%) # (200000, 500000] 0.35 (35%) # (500000, 100000000] 0.37 (37%) def tax(income): - Given an income amount as a whole number where