Problem 27-39 (LO. 6, 7) At the time of Matthew's death, he was involved in the following transactions: Matthew was a participant in his employer's contributory qualified pension plan. The plan balance of $2,000,000 is paid to Olivia, Matthew's daughter and beneficiary. The distribution consists of the following: Employer contributions $900,000 Matthew's after-tax contributions 600,000 Income earned by the plan 500,000 Matthew was covered by his employer's group term life insurance plan for employees. The $200,000 proceeds are paid to Olivia, the designated beneficiary. Answer the following: (a) What are the Federal estate tax consequences of these events? (b) The income tax consequences? and (c) Would the answer to part (a) change if Olivia was Matthew's surviving spouse (not his daughter)? a. What is the total amount of the items above) that is included in Matthew's gross estate? b. What is the total amount of the items above) that is subject to Federal income tax? $ c. What is the total amount (of the items above) that is included in Matthew's gross estate if Olivia were Matthew's surviving spouse rather than his daughter? The amount included would be $ and a marital deduction of $ would be allowed