Question: Be sure to use 2018 amounts please!! Required information The following information applies to the questions displayed below] This year Lloyd, a single taxpayer, estimates

Be sure to use 2018 amounts please!! Required information The following informationBe sure to use 2018 amounts please!!

Required information The following information applies to the questions displayed below] This year Lloyd, a single taxpayer, estimates that his tax liability will be $12,400. Last year, his total tax liability was $16,600 He estimates that his tax withholding from his employer will be $9,320. b. Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal short-term rate is 5 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Actual Withholding Required Withholding Over (Under) Dates WithheldPenalty Per Quarter April 15th June 15th September 15th January 15th Total 0.00

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