Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. UseTable I,Table IIIandTable V.

Person A is age66and purchased an annuity for $91,000. The annuity pays $2,000per month for life.(Round exclusion percentage computation to one decimal place.)

Person B is75and purchased an annuity for $89,000. The annuity pays $1,400per month for life.(Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.)

Person C is68and purchased an annuity for $49,000that pays a monthly payment of $1,000for12years.(Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.)

Answers

Person A). Tax free portion of payments

Person B) Tax free portion of payments

Person C). Tax free portion of payments