Dominic earned $33,000 in taxable income last year; this year, it is expected to be $42,000. Last year,
the basic tax brackets in his country were as follows: a single person owed 11% of all taxable income
from $0 to $9,400; 16 % of all income from $9,401 to $41,000; and 26 % of all taxable income from
$41,001 to $84,000. The income
levels of the tax brackets are indexed to rise automatically with
inflation (they simply increase by the rate equal to the previous year's inflation rate).
Determine the income tax that Dominic owes this year if inflation reached 6% last year. Enter your
answer as a positive number in the box below and round to two decimal places.