Required information [The following information applies to the questions displayed below. J This year Lloyd. a single taxpayer. estimates that his tax liability will be $11,200. Last year. his total tax liability was $15,800. He estimates that his tax withholding from his employer will be $8,560. b. Assuming Lloyd does not make any additional payments. what is the amount of his underpayment penalty? Assume the federal short-term rate Is 5 percent. (Do not round interEnedlate calculations. Round your final answers to 2 decimal places.)