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.Jason's gross estate must include $1,200,000.

b.Jason's gross estate must include $1,500,000.

c.Pam must pay income tax on $300,000.

d.Pam must pay income tax on $1,100,000.