This year Lloyd, a single taxpayer, estimates that his tax liability will be $11,500. Last year, his total tax liability was $16,000. He estimates that his tax withholding from his employer will be $8,750. 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 April 15th June 15th September 15th January 15th Total Answer is complete but not entirely correct. Actual Required Over Penalty Per Withholding Withholding (Under) Withheld Quarter $ 2.187.50 2,587.50 (400.00) 15.00 4.375.00 5,175.00 (800.00) 30.00 6,562.50 7.762.50 (1.200.00) 45.00 8,750.00 10,350.00 (1.600.00) 60.00 150.00