Determine the tax-free amount of the monthly payment in each of the following instances. Use Table I, Table III and Table V. a.

Person A is age 57 and purchased an annuity for $93,000. The annuity pays $1,700 per month for life. (Round exclusion percentage computation to one decimal place.)

b.Person B is 61 and purchased an annuity for $91,000. The annuity pays $1,500 per month for life. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.)

c.Person C is 70 and purchased an annuity for $51,000 that pays a monthly payment of $1,100 for 12 years. (Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places.)