Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table Table lll and Table V a. Person A is age 57 and purchased an annuity for $82.000. The annuity pays $600 per month for life. (Round exclusion percentage computation to one decimal place.) computation to one decimal place. Round your final answer to 2 decimal places.) percentage computation to one decimal place. Round your final answer to 2 decimal places.) b. Person B is 73 and purchased an annuity for $80,000. The annuity pays $950 per month for life. (Round exclusion percentage c. Person C is 68 and purchased an annuity for $40,000 that pays a monthly payment of $550 for 10 years. (Round exclusion a. Tax free portion of payments b. Tax free portion of payments c. Tax free portion of payments Prey 9 of 10 Next > Table Single Life Expectancy) (For Use by Beneficiaries) Age 56 57 58 59 60 Life Expectancy 28.7 27.9 27.0 26.1 25.2 24.4 23.5 22.7 21.8 21.0 Age Life Expectancy 8.1 7.6 7.1 6.7 6.3 5.9 5.5 5.2 4.9 84 85 86 87 89 90 91 92 93 94 95 96 97 98 62 63 64 65 4.3 20.2 19.4 18.6 17.8 17.0 16.3 15.5 14.8 67 68 69 70 3.8 3.6 72 73 74 75 76 100 101 102 103 2.9 2.7 2.5 2.3 2.1 13.4 104 105 106 107 108 109 110 111 and over 12.7 12.1 11.4 10.8 10.2 1.7 1.5 78 79 80 9.7 82 83 Table III (Uniform Lifetime) (For Use by: Unmarried Owners Married Owners Whose Spouses Are Not More Than 10 Years Younger, and Married Owners Whose Spouses Are Not the Sole Beneficiaries of Their IRAs) Age 70 71 72 73 74 Distribution Period Age 93 94 95 96 97 Distribution Period 27.4 26.5 25.6 24.7 23.8 22.9 22.0 21.2 20.3 19.5 18.7 17.9 17.1 16.3 15.5 14.8 14.1 13.4 12.7 12.0 9.6 8.6 7.6 7.1 6.7 6.3 5.9 5.5 5.2 4.9 4.5 4.2 3.9 3.7 3.4 75 76 98 100 101 102 78 79 80 81 82 83 84 85 86 87 103 104 105 106 107 108 109 110 2.9 2.6 2.4 2.1 112 113 114 115 and over 89 90 91 92 11.4 10.8 10.2 TABLE V-ORDINARY LIFE ANNUITIES ONE LIFE-EXPECTED RETURN MULTIPLES MULTIPLE AGE MULTIPLE AGE MULTIPLE AGE 10.0 40.6 39.6 38.7 37.7 36.8 35.9 34.9 34.0 33.1 76.6 75.6 74.7 73.7 72.7 71.7 70.7 69.7 68.8 67.8 66.8 65.8 64.8 63.9 62.9 43 45 46 47 83 84 85 49 50 32.2 89 52 30.4 29.5 28.6 27.7 26.8 25.9 25.0 24.2 23.3 22.5 21.6 20.8 20.0 19.2 18.4 17.6 16.8 54 93 94 56 19 20 60.9 59.9 59.0 58.0 57.0 56.0 55.1 54.1 53.1 52.2 51.2 50.2 49.3 48.3 47.3 46.4 45.4 59 60 24 25 26 100 101 102 103 104 105 106 107 108 109 110 64 65 69 70 32 16.0 15.3 14.6 13.9 13.2 12.5 34 9 36 112 113 114 115 44.4 43.5 42.5 39 40 11.2 10.6