This question has two parts, can you please show your work and bold the final answers. Part A is correct, I just need part B of the question please. Can you also create the same graph as the question in Part B too. Thank you!

Required information Problem 8-77 (LO 8-5) (Algo) [The following information applies to the questions displayed below.] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,600. Last year, his total tax liability was $15,400. He estimates that his tax withholding from his employer will be $8,180. Problem 8-77 Part a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty? Problem 8-77 (LO 8-5) (Algo) [The following information applies to the questions displayed below.] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,600. Last year, his total tax liability was $15,400. He estimates that his tax withholding from his employer will be $8,180. Problem 8-77 Part b (Algo) Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal hort-term rate is 5 percent. lote: Do not round intermediate calculations. Round your final answers to 2 decimal places. Required information Problem 8-77 (LO 8-5) (Algo) [The following information applies to the questions displayed below.] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,600. Last year, his total tax liability was $15,400. He estimates that his tax withholding from his employer will be $8,180. Problem 8-77 Part a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty? Problem 8-77 (LO 8-5) (Algo) [The following information applies to the questions displayed below.] This year Lloyd, a single taxpayer, estimates that his tax liability will be $10,600. Last year, his total tax liability was $15,400. He estimates that his tax withholding from his employer will be $8,180. Problem 8-77 Part b (Algo) Assuming Lloyd does not make any additional payments, what is the amount of his underpayment penalty? Assume the federal hort-term rate is 5 percent. lote: Do not round intermediate calculations. Round your final answers to 2 decimal places