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This year Lloyd, a single taxpayer, estimates that his tax liability will be $13,450. Last year, his total tax liability was $17,300. He estimates that

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This year Lloyd, a single taxpayer, estimates that his tax liability will be $13,450. Last year, his total tax liability was $17,300. He estimates that his tax withholding from his employer will be $9,985 Problem 8-77 Part-a a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty? Increase in withholding

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