Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table Table III and Table V. Required: a. Person A is age 58 and purchased an annuity for $94,000. The annuity pays $1,500 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 62 and purchased an annuity for $92,000. The annuity pays $1,550 per month for life. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. c. Person C is 71 and purchased an annuity for $52,000 that pays a monthly payment of $1,150 for 12 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table Table Ill and Table V. Required: a. Person A is age 58 and purchased an annuity for $94,000. The annuity pays $1,500 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 62 and purchased an annuity for $92,000. The annuity pays $1,550 per month for life. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. c. Person C is 71 and purchased an annuity for $52,000 that pays a monthly payment of $1,150 for 12 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. (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) TABLE V RDINARY LIFE ANNUITIES ONE LIFEGS XPECTED RETURN MULTIPLES