Yoyo Corporation maintains a retirement plan for its employees to which it makes 70% of the contributions and the employees make 30%. Gary dies this year and is employed at the time of his death. Gary's spouse will receive an annuity valued at $600,000 from the retirement plan. How much of the annuity will be included in Gary's gross estate?

Question

Quizplus · Accepted Answer

The full value of the annuity, $600,000, is included in Gary's gross estate because it is a benefit that Gary was entitled to at the time of his death.

Yoyo Corporation Maintains a Retirement Plan for Its Employees to Which