Python question please include all steps and screenshot of code. Also please provide a docstring, and comments through the code, and test the given examples below. Thanks.Here are (slightly fictional) tax brackets (Use The Attached Image):For example, suppose you make $90,000; then you fall into the 4th tax bracket whichmeans you owe $17550 + $.37 * (90000-80000) = $21250.00 in taxes. Write functiontax() that as an input takes your (taxable) income and then calculates and returns howmuch tax you owe.>>> tax(5500)0>>> tax(7000)150>>> tax(38000)4950>>> tax(81000)17920 ### Taxable Income and Corresponding Tax RatesThis table provides a breakdown of tax rates based on different ranges of taxable income:| **Taxable Income** | **Tax on this Income** ||--------------------|------------------------|| $0 – $6,000 | Nil || $6,001 – $37,000 | 15 cents for each $1 over $6,000 || $37,001 – $80,000 | $4,650 plus 30 cents for each $1 over $37,000 || Over $80,001 | $17,550 plus 37 cents for each $1 over $80,000 |#### Analysis of Tax Calculation:1. **For income from $0 to $6,000**: No tax is applied.2. **For income from $6,001 to $37,000**: The tax is calculated as 15 cents for every dollar exceeding $6,000.3. **For income from $37,001 to $80,000**: A base tax of $4,650 is applied, with an additional 30 cents for every dollar over $37,000.4. **For income over $80,001**: A base tax of $17,550 is charged, plus an additional 37 cents for every dollar exceeding $80,000. This structured approach helps in understanding how different income levels are taxed progressively.

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Database System Concepts

7th Edition

ISBN:9780078022159

Author:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Publisher:Abraham Silberschatz Professor, Henry F. Korth, S. Sudarshan

Chapter1: Introduction

Section: Chapter Questions

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Python question please include all steps and screenshot of code. Also please provide a docstring, and comments through the code, and test the given examples below. Thanks.

Here are (slightly fictional) tax brackets (Use The Attached Image):

For example, suppose you make $90,000; then you fall into the 4th tax bracket which
means you owe $17550 + $.37 * (90000-80000) = $21250.00 in taxes. Write function
tax() that as an input takes your (taxable) income and then calculates and returns how
much tax you owe.
>>> tax(5500)
0
>>> tax(7000)
150
>>> tax(38000)
4950
>>> tax(81000)
17920

### Taxable Income and Corresponding Tax Rates

This table provides a breakdown of tax rates based on different ranges of taxable income:

| **Taxable Income** | **Tax on this Income** |
|--------------------|------------------------|
| $0 – $6,000 | Nil |
| $6,001 – $37,000 | 15 cents for each $1 over $6,000 |
| $37,001 – $80,000 | $4,650 plus 30 cents for each $1 over $37,000 |
| Over $80,001 | $17,550 plus 37 cents for each $1 over $80,000 |

#### Analysis of Tax Calculation:

1. **For income from $0 to $6,000**: No tax is applied.
2. **For income from $6,001 to $37,000**: The tax is calculated as 15 cents for every dollar exceeding $6,000.
3. **For income from $37,001 to $80,000**: A base tax of $4,650 is applied, with an additional 30 cents for every dollar over $37,000.
4. **For income over $80,001**: A base tax of $17,550 is charged, plus an additional 37 cents for every dollar exceeding $80,000.

This structured approach helps in understanding how different income levels are taxed progressively.

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