Help Save & EXH Subm 00 Required information The following information applies to the questions displayed below! Larry purchased an annuity from an insurance company that promises to pay him $1,500 per month for the rest of his life Larry paid $544,540 for the annuity Larry is in good health and is 72 years old. Larry received the first annuity payment of $1.500 this month. Use the expected number of payments in Exhibit 5 for this problem Part 2 b. Illanyves more than 15 years after purchasing the annuity. How much of each additional payment should be include in gross income? Around to be moved 0 Required information [The following information applies to the questions displayed below) Larry purchased an annuity from an insurance company that promises to pay him $1,500 per month for the rest of his life. Larry paid $144,540 for the annuity, Larry is in good health and is 72 years old. Larry received the first annuity payment of $1,500 this month. Use the expected number of payments in Exhibit 5-1 for this problem c. What are the tax consequences if Larry dies just after he receives the 100th payment? Amount to be deducted Amount to be included