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At the time of his death, George was a participant in EastBay Corporation's qualified pension plan and group term life insurance. The balance of the
At the time of his death, George was a participant in EastBay Corporation's qualified pension plan and group term life insurance. The balance of the survivorship feature in his pension plan is that:
Contributions by EastBay800,000
After-tax contributions by George400,000
Plan earnings300,000
The term insurance has a maturity value of $......100,000....... All amounts are paid to Palau, George's daughter.
One result of these transactions is:,?
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