Liama MacDonald just turned thirty years old. She is currently single. Liama has gross wages of $$95,000($before deferrals$)$ and has had $$14,000$ withheld for federal income tax. Given the information presented below, and in the chapter, will she likely have too much or too little withheld for the current tax year $($do not consider AMT in your calculations$)?$ Based on your analysis, what should Liama do$?$ She estimates total itemized deductions of $$11,450.$

She will not have any interest or dividend income or capital gains.

She will not contribute to an IRA.

She will defer $5$ percent of her gross salary into the qualified retirement plan on a pretax basis.