Tom retired during the current year at age 58. He purchased an annuity from American National Life Company for $30,000. The annuity pays Tom $375 per month for life. (Click the icon to view the Expected Return Multiple table) Requirements a. Compute Tom's annual exclusion. b. How much income will Tom report each year after reaching age 84? Requirement a. Compute Tom's annual exclusion. Begin by computing the exclusion ratio. (Enter the answer as a decimal rounded to four decimal places, .XXXX.) Exclusion ratio