In this SLP assignment, we will get more practice on the concepts we have learned. Your task is to first read the following requirement, write pseudo code based on your understanding, then write a Java application based on your pseudo code.

1. The program will first ask users to key in their taxable annual income.
2. Depending on the income level, the program will calculate the tax owed. Using the following table as reference:

Taxable income tax bracket tax percentage

0–$8,500: 10%

$8,500–$34,500: 15%

$34,500–$83,600: 25%

$83,600–$174,400: 28%

$174,400–$379,150: 33%

$379,150 and above: 35%