This year Lloyd, a single taxpayer, estimates that his tax liability 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 b (Algo) 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. Dates Actual Withholding Required Withholding Over (Under) Withheld Penalty Per Quarter April 15th June 15th September 15th January 15th Total 0.00