Determine the amount incudible in davids gross


In each of the following cases, determine the amount incudible in David's gross estate:

a. An account balance of $200,000 in an IRA that the beneficiary immediately withdrew.

b. A commercial annuity with a present value of $60,000, payable to David's wife, Selma, who contributed 40 percent of the purchase price.

c. A qualified pension annuity with a present value of $180,000, one-third of which is attributable to David's own contributions, payble to Selma.

d. A lump-sum distribution from a qualified profit-sharing plan of $30,000 payable to David's son, Kyle, who used five-year averaging.

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Financial Management: Determine the amount incudible in davids gross
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