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Tim has worked for one employer his entire career. While he was working, he participated...

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Accounting

Tim has worked for one employer his entire career. While he was working, he participated in the employer's defined contribution plan [traditional 401(k)]. At the end of 2023, Tim retires. The balance in his defined contribution plan at the end of 2022 was $2,000,000.(Use Exhibit 13-3.)
Note: Leave no answers blank. Enter zero if applicable.
a. What is Tim's required minimum distribution for 2023 that must be distributed in 2024 if he is 68 years old at the end of 2023?
b-1. What is Tim's required minimum distribution for 2023 if he turns 73 during 2023?
b-2. When must he receive this distribution?
c. What is Tim's required minimum distribution for 2023 that must be distributed in 2024 if he turns 75 years old in 2023?

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