Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Tables Table Ill and Table ..Person A is age 62 and purchased an annuity for $98,000. The annuity pays $2,200 per month for life (Round exclusion percentage computation to one decimal place.) b. Person B is 66 and purchased an annuity for $96,000 The annuity pays $1750 per month for life. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.) c. Person C is 55 and purchased an annuity for $56,000 that pays a monthly payment of $1350 for 15 years. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places) Tax free portion of payments Tax free portion of payments Tax free portion of payments Table 1 (Single Life Expectancy) (For Use by Beneficiarios) Age 56 57 58 59 60 61 63 64 65 66 67 68 69 70 71 72 73 74 75 76 77 78 79 Life Expectancy 28.7 27.9 27.0 26.1 25.2 24.4 23.5 22.7 21.8 21.0 20.2 19.4 18.6 17.8 17.0 163 15.5 14.8 Age 84 85 86 87 88 89 90 91 92 93 94 95 96 97 98 99 100 101 102 103 104 105 106 107 SO 100 110 and Life Expectancy 8.1 7.6 7.1 6.7 6.3 5.9 5.5 5.2 4.9 46 4.3 4.1 3.8 3.6 3.4 31 29 2.7 25 23 2.1 1 13.4 127 12.1 114 10.8 102 97 91 15 B 35 Tablo 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 Beneficiarios of Their IRAs) Age 70 71 72 73 74 75 Age 93 94 95 96 97 77 78 79 80 81 82 83 84 Distribution Period 27.4 26.5 25.6 24.7 23.8 22.9 22.0 21.2 20.3 19.5 18.7 17.9 171 16.3 15.5 14.8 14.1 13.4 12.7 12.0 114 10.8 102 98 99 100 101 102 103 104 105 106 107 108 100 10 111 112 11 Distributio period 9.6 9. 8.6 8.1 7.6 7.1 6.7 63 5.9 5.5 5.2 4.9 4.5 42 3.9 37 34 3. 29 28 2 87 88 89 90 91 92 115 and over 11 ADE MULTIPLE AGE MULTIPLE 70 30 31 7 8 100 9.5 89 34 70 74 69 8.5 34 88 30 10 11 12 13 14 15 16 17 18 19 20 21 750 75.6 747 737 727 71.7 70.7 39.7 388 678 588 653 543 63.9 629 51 509 599 500 580 570 560 55 TABLET-ORDINARY UFE ADIUITIES ONE URE EXPECTED RETURN MULTIPLES ADE MULTIPLE 40.6 43 39.6 44 38.7 45 377 388 35.9 40 34.9 340 50 33.1 51 322 52 313 53 30.4 54 29.5 55 28.6 56 277 57 258 58 25.9 250 242 223 225 63 23 200 85 53 50 47 80 90 01 92 90 04 9882882858988183 30 37 3 90 97 98 30 09 20 22 2 2 28 29 30 SE 53 512 100 101 102 100 104 TO 100 107 TO 100 110 1 32 35 470 00 70 71 7 7 74 75 10 17 40 40