Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table I, Table III and Table V. Required: a. Person A is age 60 and purchased an annuity for $96,000. The annuity pays $2,000 per month for life. (Round exclusion percentage computation to one decimal place.) b. Person B is 64 and purchased an annuity for $94,000. The annuity pays $1,650 per month for life. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.) c. Person C is 53 and purchased an annuity for $54,000 that pays a monthly payment of $1,250 for 15 years. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.) a. Tax free portion of payments b. Tax free portion of payments c. Tax free portion of payments Amount