verb (used with object), underpaid, underpaying.
to pay less than is deserved or usual.

1840–50; under- + pay1

underpayment [uhn-der-pey-muhnt, uhn-der-pey-] , noun
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Based on the Random House Dictionary, © Random House, Inc. 2014.
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World English Dictionary
underpay (ˌʌndəˈpeɪ)
vb , -pays, -paying, -paid
to pay (someone) insufficiently

Collins English Dictionary - Complete & Unabridged 10th Edition
2009 © William Collins Sons & Co. Ltd. 1979, 1986 © HarperCollins
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Example sentences
Such efforts can help ensure taxpayers neither overpay nor underpay their taxes and may promote overall compliance.
Field audit activity identifies employers who underpay or evade premiums for workers.
We impose a penalty if you do not pay, pay late, or underpay an estimated tax installment.
Underpay the tax due by the amount of the credit claimed.
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