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

question 18

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: 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 $1,500,000.
• C) Jason's gross estate must include $1,100,000.
• D) Jason's gross estate must include $1,600,000.
• E) None of the above.

---

Definitions:

Specific Combination

A particular arrangement or union of varied elements or components.

Idea Generation

The creative process of generating, developing, and communicating new ideas, where an idea is understood as a basic element of thought that can be visual, concrete, or abstract.

Screening

The process of evaluating or testing a group of items, individuals, or actions to select those that meet certain criteria or standards.

Less Educated

Refers to individuals having received lower levels of formal education or training.