Using 2021 Tax laws

Determine the tax-free amount of the monthly payment in each of the following instances. Use the life expectancy tables. Use Table I, and Table V. Required: a. Person A is age 59 and purchased an annuity for $95,000. The annuity pays $2,000 per month for life. Note: Round exclusion percentage computation to one decimal place. b. Person B is 63 and purchased an annuity for $93,000. The annuity pays $1,600 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 72 and purchased an annuity for $53,000 that pays a monthly payment of $1,200 for 10 years. Note: Round exclusion percentage computation to one decimal place. Round your final answer to 2 decimal places