Suppose that for every hour you work, you can earn $10 before taxes. Furthermore, suppose that youcan work up to 16 hours per day, 365 days per year. Draw your annual budget constraint reflecting theconsumption-leisure trade-off under the following income tax schemes:(a) A flat income tax of 20% on all income earned(b) An income tax where you pay no tax on the first $10,000 earned and a tax of 25% on all income over$10,000(c) An income tax where you pay 10% on the first $5,000 earned, 20% on the next $10,000 earned, and30% thereafter