§ 13953. Tables. — California California Code

Source: https://govt.westlaw.com/calregs/Document/IE7D4C3334C8311EC89E5000D3A7C4BC3?viewType=FullText&originationContext=documenttoc&transitionType=CategoryPageItem&contextData=(sc.Default)

(a) Tables A(1) and A(2) showing the present value of an annuity, a life estate and a remainder of $1 per year during the life of a person of a specified age, based on United States Life Tables: 1959-1961, published by the United States Department of Health, Education and Welfare, Public Health Service, with interest at 6 percent per annum compounded annually.

CAUTION: The tables immediately following are effective as to estates of decedents dying on or after January 1, 1975. For decedents dying prior to January 1, 1975, but on or after November 10, 1969, refer to Tables C and D, contained in Section 13953.1. For decedents dying prior to November 10, 1969, use Actuaries Combined Experience Tables of Mortality with interest at 4 percent, showing present value of annuity of $1 per year during life of person of specified age, if date of death was on or after July 1, 1945. For decedents dying prior to July 1, 1945, use Actuaries Combined Experience Tables of Mortality with interest at 5 percent, showing present value of annuity of $1 per year during life of person of specified age.

TABLE A(1)

Table, single life male, 6 percent, showing the present worth of an annuity, of a life interest, and of a remainder interest

Age

Annuity

Life Estate

Remainder

Age

Annuity

Life Estate

Remainder

15.6175

0.93705

0.06295

10.2960

0.61776

0.38224

16.0362

.96217

.03783

10.0777

60466

.39534

16.0283

.96170

.03830

9.8552

.59131

.40869

16.0089

.96053

.03947

9.6297

.57778

.42222

15.9841

.95905

.04095

9.4028

.56417

.43583

15.9553

.95732

.04268

9.1753

.55052

.44948

15.9233

.95540

.04460

8.9478

.53687

.46313

15.8885

.95331

.04669

8.7202

.52321

.47679

15.8508

.95105

.04895

8.4924

.50954

.49046

15.8101

.94861

.05139

8.2642

.49585

.50415

15.7663

.94598

.05402

8.0353

.48212

.51788

15.7194

.94316

.05684

7.8060

.46836

.53164

15.6698

.94019

.05981

7.5763

.45458

.54542

15.6180

.93708

.06292

7.3462

.44077

.55923

15.5651

.93391

.06609

7.1149

.42689

.57311

15.5115

.93069

.06931

6.8823

.41294

.58706

15.4576

.92746

.07254

6.6481

.39889

.60111

15.4031

.92419

.07581

6.4123

.38474

.61526

15.3481

.92089

.07911

6.1752

.37051

.62949

15.2918

.91751

.08249

5.9373

.35624

.64376

15.2339

.91403

.08597

5.6990

.34194

.65806

15.1744

.91046

.08954

5.4602

.32761

.67239

15.1130

.90678

.09328

5.2211

.31327

.68673

15.0487

.90292

.09708

4.9825

.29895

.70105

14.9807

.89884

.10116

4.7469

.28481

.71519

14.9075

.89445

.10555

4.5164

.27098

.72902

14.8287

.88972

.11028

4.2955

.25773

.74227

14.7442

.88465

.11535

4.0879

.24527

.75473

14.6542

.87925

.12075

3.8924

.23354

.76646

14.5588

.87353

.12647

3.7029

.22217

.77783

14.4584

.86750

.13250

3.5117

.21070

.78930

14.3528

.86117

.13883

3.3259

.19955

.80045

14.2418

.85451

.14549

3.1450

.18820

.81130

14.1254

.84752

.15248

2.9703

.17822

.82178

14.0034

.84020

.15980

2.8052

.16831

.83169

13.8758

.83255

.16745

2.6536

.15922

.84078

13.7425

.82455

.17545

2.5162

.15097

.84903

13.6036

.81622

.18378

2.3917

.14350

.85650

13.4591

.80755

.19245

2.2801

.13681

.86319

13.3090

.79854

.20146

2.1802

.13081

.86919

13.1538

.78923

.21077

2.0891

.12535

.87465

12.9934

.77960

.22040

1.9997

.11998

.88002

12.8279

.76967

.23033

1.9145

.11487

.88513

12.6574

.75944

.24056

1.8331

.10999

.89001

12.4819

.74891

.25109

1.7554

.10532

.89468

12.3013

.73808

.26192

100

1.6812

.10087

.89913

12.1158

.72695

.27305

101

1.6101

.09661

.90339

11.9253

.71552

.28448

102

1.5416

.09250

.90750

11.7308

.70385

.29615

103

1.4744

.08846

.91154

11.5330

.69198

.30802

104

1.4065

.08439

.91561

11.3329

.67997

.32003

105

1.3334

.08000

.92000

11.1308

.66785

.33215

106

1.2452

.07471

.92520

10.9267

.65560

.34440

107

1.1196

.06718

.93282

10.7200

.64320

.35680

108

.9043

.05426

.94574

10.5100

.63060

.36940

109

.4717

.02830

.97170

TABLE A(2)

Table, single life female, 6 percent, showing the present worth of an annuity, of a life interest, and of a remainder interest

Age

Annuity

Life Estate

Remainder

Age

Annuity

Life Estate

Remainder

15.8972

0.95383

0.04617

11.6432

0.69859

0.30141

16.2284

.97370

.02630

11.4353

.68612

.31388

16.2287

.97372

.02628

11.2200

.67320

.32680

16.2180

.97308

.02692

10.9980

.65988

.34012

16.2029

.97217

.02783

10.7703

.64622

.35378

16.1850

.97110

.02890

10.5376

.63226

.36774

16.1648

.96989

.03011

10.3005

.61803

.38197

16.1421

.96853

.03147

10.0587

.60352

.39648

16.1172

.96703

.03297

9.8118

.58871

.41129

16.0910

.96541

.03459

9.5592

.57355

.42645

16.0608

.96365

.03635

9.3005

.55803

.44197

16.0293

.96176

.03824

9.0352

.54211

.45789

15.9958

.95975

.04025

8.7639

.52583

.47417

15.9607

.95764

.04236

8.4874

.50924

.49076

15.9239

.95543

.04457

8.2068

.49241

.50759

15.8856

.95314

.04686

7.9234

.47540

.52460

15.8460

.95076

.04924

7.6371

.45823

.54177

15.8048

.94829

.05171

7.3480

.44088

.55912

15.7620

.94572

.05428

7.0568

.42341

.57659

15.7172

.94303

.05697

6.7645

.40587

.59413

15.6701

.94021

.05979

6.4721

.38833

.61167

15.6207

.93724

.06276

6.1788

.37073

.62927

15.5687

.93412

.06588

5.8845

.35307

.64693

15.5141

.93085

.06915

5.5910

.33546

.66454

15.4565

.92739

.07261

5.3018

.31811

.68189

15.3959

.92375

.07625

5.0195

.30117

.69883

15.3322

.91993

.08007

4.7482

.28489

.71511

15.2652

.91591

.08409

4.4892

.26935

.73065

15.1946

.91168

.08832

4.2398

.25439

.74561

15.1208

.90725

.09275

3.9927

.23956

.76044

15.0432

.90259

.09741

3.7401

.22441

.77559

14.9622

.89773

.10227

3.5016

.21010

.78990

14.8775

.89265

.10735

3.2790

.19674

.80326

14.7888

.88733

.11267

3.0719

.18431

.81569

14.6960

.88176

.11824

2.8808

.17285

.82715

14.5989

.87593

.12407

2.7068

.16241

.83759

14.4975

.86985

.13015

2.5502

.15301

.84699

14.3915

.86349

.13651

2.4116

.14470

.85530

14.2811

.85687

.14313

2.2901

.13741

.86259

14.1663

.84998

.15002

2.1839

.13103

.86897

14.0468

.84281

.15719

2.0891

.12535

.87465

13.9227

.83536

.16464

1.9997

.11998

.88002

13.7940

.82764

.17236

1.9145

.11487

.88513

13.6604

.81962

.18038

1.8331

.10999

.89001

13.5219

.81131

.18869

1.7554

.10532

.89468

13.3781

.80269

.19731

100

1.6812

.10087

.89913

13.2290

.79374

.20626

101

1.6101

.09661

.90339

13.0746

.78448

.21552

102

1.5416

.09250

.90750

12.9147

.77488

.22512

103

1.4744

.08846

.91154

12.7496

.76498

.23502

104

1.4065

.08439

.91561

12.5793

.75476

.24524

105

1.3334

.08000

.92000

12.4039

.74423

.25577

106

1.2452

.07471

.92529

12.2232

.73339

.26661

107

1.1196

.06718

.93282

12.0367

.72220

.27780

108

.9043

.05426

.94574

11.8436

.71062

.28938

109

.4717

.02830

.97170

(b) Table B showing the present value of an annuity for a term certain, income for a term certain and of a remainder interest postponed for a term certain, based on United States Life Tables: 1959-1961, published by the United State Department of Health, Education and Welfare, Public Health Service, with interest at 6 percent per annum. (Effective as to decedents dying on or after January 1, 1975.)

TABLE B

Table showing the present worth at 6 percent of an annuity for a term certain, of an income interest for a term certain, and of a remainder interest postponed for a term certain

Number of Years

Annuity

Term Certain

Remainder

Number of Years

Annuity

Term Certain

Remainder

0.9434

.056604

.943396

13.9291

.835745

.164255

1.8334

.110004

.889996

14.0840

.845043

.154957

2.6730

.160381

.839619

14.2302

.853814

.146186

3.4651

.207906

.792094

14.3681

.862088

.137912

4.2124

.252742

.747258

14.4982

.869895

.130105

4.9173

.295039

.704961

14.6210

.877259

.122741

5.5824

.334943

.665057

14.7368

.884207

.115793

6.2098

.372588

.627412

14.8460

.890761

.109239

6.8017

.408102

.591898

14.9491

.896944

.103056

7.3601

.441605

.558395

15.0463

.902778

.097222

7.8869

.473212

.526788

15.1380

.908281

.091719

8.3838

.503031

.496969

15.2245

.913473

.086527

8.8527

.531161

.468839

15.3062

.918370

.081630

9.2950

.557699

.442301

15.3832

.922991

.077009

9.7122

.582735

.417265

15.4558

.927350

.072650

10.1059

.606354

.393646

15.5244

.931462

.068538

10.4773

.628636

.371364

15.5890

.935342

.064658

10.8276

.649656

.350344

15.6500

.939002

.060998

11.1581

.669487

.330513

15.7076

.942454

.057546

11.4699

.688195

.311805

15.7619

.945712

.054288

11.7641

.705845

.294155

15.8131

.948785

.051215

12.0416

.722495

.277505

15.8614

.951684

.048316

12.3034

.738203

.261797

15.9070

.954418

.045582

12.5504

.753021

.246979

15.9500

.956999

.043001

12.7834

.767001

.232999

15.9905

.959433

.040567

13.0032

.780190

.219810

16.0288

.961729

.038271

13.2105

.792632

.207368

16.0649

.963895

.036105

13.4062

.804370

.195630

16.0990

.965939

.034061

13.5907

.815443

.184557

16.1311

.967867

.032133

13.7648

.825890

.174110

16.1614

.969686

.030314

If a life annuity or an annuity certain is payable at the end of semiannual, quarterly, monthly or weekly periods, the following adjustment factors should be used:

| |

Semiannual

1.0148

| |

Quarterly

1.0222

| |

Monthly

1.0272

| |

Weekly

1.0291

If an annuity for a term certain is payable at the beginning of the annual or other payment period, the following adjustment factor should be used:

| |

Annual

1.0600

| |

Semiannual

1.0448

| |

Quarterly

1.0372

| |

Monthly

1.0322

| |

Weekly

1.0303

However, a provision that the income from property is to be paid in semiannual, quarterly, bimonthly, monthly or weekly installments does not affect the value to be assigned to the life interest.

Credits

Note: Reference: Section 13953, Revenue and Taxation Code.