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Please advise, If my answer is correct, if not please explain thank you. ...

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Accounting

Please advise,

If my answer is correct, if not please explain thank you.

In order to increase his withholding, he needs to increase the payment of 1840?

this year Lloyd, a single taxpayer, estimates that his tax liability will be $12,400. Last year, his total tax liability was $16,600.

He estimates that his tax withholding from his employer will be $9,320.

a. How much does Lloyd need to increase his withholding by (for the year), in order to avoid the underpayment penalty?

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