ue.43 At the time of Matthews death, he was involved in the transactions described below. MATTHEW WAS A PARTICIPANT IN HIS EMPLOYERS CONTRIBUTORY qualified pension plan. The plan balance of $2 million is paid to Olivia, Matthews daughter and beneficiary. The distribution consists of the following. Employer contributions $900000 Matthews after- tax contributions 600000 Income earned by the plan 500000 Matthew was covered by his employers group term life insurance plan for employees. The $200000 proceeds are paid to Olivia, the designated beneficiary. a. What are the estate tax consequences? b. The income tax consequences? c. Would the answer to part (a) change if Olivia was Matthews surviving spouse (not his daughter)? Explain