This year Lloyd, a single taxpayer, estimates that his tax liability will be $$10,000.$ Last year, his

total tax liability was $$15,000.$

He estimates that his tax withholding from his employer will be $$7,800.$

Required:

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.

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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.