At the Time of His Death,Jason Was a Participant in Silver

question 7

Multiple Choice

At the time of his death,Jason was a participant in Silver Corporation's qualified pension plan and group term life insurance.The balance of the survivorship feature in his pension plan is: ​ Contributions by Silver $800,000 After-tax contributions by Jason 400,000 Plan earnings 300,000 ​ The term insurance has a maturity value of $100,000.All amounts are paid to Pam,Jason's daughter.One result of these transactions is:

• A)Pam must pay income tax on $300,000.
• B)Pam must pay income tax on $1,100,000.
• C)Jason's gross estate must include $1,200,000.
• D)Jason's gross estate must include $1,500,000.
• E)None of the above.

---

Definitions:

Storage Capacity

The volume or space available for storing goods or data in a warehouse, hard drive, or other storage systems.

Executive Support System

A type of management information system designed to facilitate and support the information and decision-making needs of senior executives.

Enterprise Planning Resources

Systems and tools used to align company resources and strategies with its long-term goals and objectives; often involves software solutions.

Expert System

A computer system that mimics the decision-making ability of a human expert, using rules and data to provide solutions to complex problems.