[The following information applies to the questions displayed below.]

This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,900. Last year, his total tax liability was $15,600. He estimates that his tax withholding from his employer will be $8,370.

Problem 8-77 Part-b 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 intermediate calculations. Round your final answers to 2 decimal places.)

Dates	Actual Withholding	Required Withholding	Over (Under) Withheld	Penalty Per Quarter
April 15th
June 15th
September 15th
January 15th
Total				$0.00