Required information (The following information applies to the questions displayed below This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,800. Last year, his total tax liability was $16,200. He estimates that his tax withholding from his employer will be $8,940. a. How much does Lloyd need to increase his withholding by (for the year), in order to avaid the underpayment penalty? Increase in withholding