Question: In 2 0 2 3 , Steve's total tax liability was $ 3 2 4 , 0 0 0 . For 2 0 2 4

In 2023, Steve's total tax liability was $324,000.
For 2024, Steve's total tax liability is $350,200. Including all Steve's withholding and estimated taxes, he paid $319,500 toward his tax liability by the time he filed his 2024 federal tax return on April 14,2025.
Will Steve be subject to an underpayment penalty?
In 2 0 2 3 , Steve's total tax liability was $ 3

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