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this year Lloyd a single taxpayer estimated his tax liability will be $11,650 last year his total tax liability was $16,100 he estimated is tax
this year Lloyd a single taxpayer estimated his tax liability will be $11,650 last year his total tax liability was $16,100 he estimated is tax withholding from his employer will be $8,845. assuming or does not make any additional payments what is the amount of his underpayment penalty assume the federal short-term rate is 5%.
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