How much is subject to the Federal income tax

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Reference no: EM132650822

Problem - At his death, Andrew was a participant in his employer's contributory qualified pension plan. His account reflects the following:

Employer's contribution $1,000,000

Andrew's contribution 800,000

Income earned 500,000

Required -

a. As to this plan, how much is included in Andrew's gross estate?

b. If the account balance is paid to Andrew's surviving wife, how much qualifies for the marital deduction?

c. How much is subject to the Federal income tax?

Reference no: EM132650822

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