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This year Lloyd, a single taxpayer, estimates that his tax liability will be $ 1 3 , 0 0 0 . Last year, his total

This year Lloyd, a single taxpayer, estimates that his tax liability will be $13,000. Last year, his total tax liability was $17,000.
He estimates that his tax withholding from his employer will be $9,700.
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.
Note: Do not round intermediate calculations. Round your final answers to 2 decimal places.
Fill out chart shown in picture attached answers to 2 decimal places.
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