I:14-65 Estimated Tax Underpayment Penalty. Jane’s estimated tax payments for the current year total $14,000, and federal income taxes withheld from her salary amount to $12,000.

Jane’s actual tax liability for the current year is $30,000. Her income was earned evenly throughout the current year. Jane’s AGI for the prior year was $160,000 and her tax liability was $25,000. Is Jane subject to the underpayment penalty? Explain.