Damian is age 77. He paid $600,000 for a single life annuity contact that will pay him $72,000 per year for life. The tax-free amount of $72,000 payment is: $18, 429. $28302. $49, 587. $53, 571. Employers are required to deposit FUTA taxes when their liability for a quarter exceeds: $500. $1300. $1300. $2, 500. Household employees are subject to FICA withholding if they are paid at least what amount during 2013? $1, 500 $1, 600 $1, 700 $1, 800