This year, Paula and Simon $($married filing jointly$)$ estimate that their tax liability will be $$236,000.$ Last year, their total tax liability was

$$194,000.$ They estimate that their tax withholding from their employers will be $$202,600.$

Required:

a$.$ Are Paula and Simon required to increase their withholdings or make estimated tax payments this year to avoid the underpayment

penalty?

b$.$ By how much, if any, must Paula and Simon increase their withholding and$/$or estimated tax payments for the year to avoid

underpayment penalties?

Complete this question by entering your answers in the tabs below.

Required $A$

Required B

Are Paula and Simon required to increase their withholdings or make estimated tax payments this year to avoid the

underpayment penalty?