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Required information CARES Problem 8-77 (LO 8-5) (Static) [The following information applies to the questions displayed below.] In 2021, Lloyd, a single taxpayer, estimates that

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Required information CARES Problem 8-77 (LO 8-5) (Static) [The following information applies to the questions displayed below.] In 2021, Lloyd, a single taxpayer, estimates that his tax liability will be $10,000. Last year, his total tax liability was $15,000. He estimates that his tax withholding from his employer will be $7,800. Assume CARES Act applies. CARES Problem 8-77 Part-a (Static) 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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