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This year Lloyd, a single taxpayer, estimates that his tax llability will be $13,750. Last year, his total tax liability was $17,500. He estimates that

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This year Lloyd, a single taxpayer, estimates that his tax llability will be $13,750. Last year, his total tax liability was $17,500. He estimates that his tax withholding from his employer will be $10.175. Problem 8-77 Part-a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avold the underpayment penalty? This year Lloyd, a single taxpayer, estimates that his tax llability will be $13,750. Last year, his total tax liability was $17,500. He estimates that his tax withholding from his employer will be $10.175. Problem 8-77 Part-a (Algo) a. How much does Lloyd need to increase his withholding by (for the year), in order to avold the underpayment penalty

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