John dies and his estate receives a distribution from his

Reference no: EM13572728

John dies and his estate receives a distribution from his employer's qualified pension plan of $2 million dollars, consisting of John's contributions of $500,000, his employer's contributions of $750,000, and profits earned by the plan of $750,000. John's estate also receives $300,000 of term life insurance that John's employer maintained for John. How much of this income is subject to tax?

Reference no: EM13572728

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