TII Homewa Tim retired during the current year at age 56. Ho purchased an annuity from American National Life Company for $90,000. The annuity pays Tim $1,125 per month for ife. Click the icon to view the Expected Retum Multiple table) Requirements ComputeTim's annual exclusion b. How much income will Tim report each year after reaching age 84? Requirement a ComputeTim's annual exclusion Begin by computing the exclusion ratio (Enter the answer as a decimal rounded to four decimal places, 2000) Exclusion ratio Multiple 10.0 Ordinary Life Annuities (One Life) Expected Return Multiple Age Multiple Age Multiple Age 5 76.6 42 40.6 79 6 75.6 43 39.6 80 7 74.7 44 38.7 81 8 73.7 45 37.7 82 9.5 8.9 8.4 9 72.7 7.9 46 36.8 83 10 47 84 71.7 35.9 7.4 11 70.7 48 34.9 6.9 85 12 69.7 49 34.0 86 6.5 68.8 50 33.1 13 87 6.1 14 67.8 51 32.2 5 88 5.7 66.8 15 52 31.3 89 5.3 16 65.8 53 30.4 90 5.0 17 64.8 54 29.5 91 4.7 17 64.8 417 54 91 29.5 18 63.9 4.4 55 28.6 92 19 4.1 62.9 56 2717 93 20 61.9 57 26.8 3.9 94 60.9 21 58 25.9 95 3.7 22 59.9 59 25.0 3.4 96 23 59.0 60 24.2 3.2 24 58.0 61 98 3.0 25 57.0 62 99 2.8 26 56.0 63 21.6 100 2.7 27 55,1 64 20.8 101 2.5 28 54.1 65 20.0 102 2.3 29 53.1 192 103 2.1 30 52 2 67 18.4 104 1.9 31 51.2 68 17.6 105 1.8 ference 2.5 101 20.8 64 55.1 27 2.3 102 28 65 54.1 20.0 103 2.1 29 53.1 19.2 66 104 1.9 30 18.4 52.2 67 1.8 105 31 68 5162 17.6 16.8 106 1.6 32 50.2 107 33 1.4 16.0 49.3 108 34 1.3 15.3 48.3 14.6 109 1.1 35 47.3 8 8 R ARABTR 36 46.4 1.0 13.9 110 37 19 45.4 13.2 111 38 44.4 12.5 112 18 39 43.5 11.9 7 113 40 42.5 11.2 114 16 41 41.5 10.6 115 .5