Reference no: EM132209039
Question - At the time of her death, Sophia was a participant in her employer's qualified pension plan. Her accrued balance in the plan is:
Employer's contribution $1,300,000
Sophia's contribution 800,000
Income earned by plan 900,000
Sophia also was covered by her employer's group term life insurance program. Her policy (maturity value of $100,000) is made payable to Aiden (Sophia's husband). Aiden is also the designated beneficiary of the pension plan.
a. Regarding these assets, how much is included in Sophia's gross estate?
b. In Sophia's taxable estate?
c. How much income must Aiden recognize?
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