[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. . Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal hort-term rate is 5 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Dates April 15th June 15th September 15th January 15th Total Actual Withholding Required Withholding Over (Under) Withheld Penalty Per Quarter $ 0.00

[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. . Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal hort-term rate is 5 percent. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Dates April 15th June 15th September 15th January 15th Total Actual Withholding Required Withholding Over (Under) Withheld Penalty Per Quarter $ 0.00