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IThe following information applies to the questions displayed below] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,150. Last year,
IThe following information applies to the questions displayed below] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,150. Last year, his total tax liability was $15 He estimates that his tax withholding from his employer will be $7,895. a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty? Increase in withholding
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