Problem 11-63 (LO 11-6) Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table I, Table III and Table V. Required: a. Person A is age 67 and purchased an annuity for $92,000. The annuity pays $1,600 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 60 and purchased an annuity for $90,000. The annuity pays $1,450 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 69 and purchased an annuity for $50,000 that pays a monthly payment of $1,050 for 12 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places. Amount a. Tax free portion of payments b. Tax free portion of payments c. Tax free portion of payments