53.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 2021, Tim retires. The balance in his defined contribution plan is $2,000,000 at the end of 2020. a) What is Tim's required minimum distribution for 2021 that must be distributed in 2022 if he is 68 years old at the end of 2021? b) What is Tim's required minimum required for 2021 if he turns 72 during 2021? When must he receive this distribution? c) What is Tim's required minimum distribution for 2021 that must be distributed in 2022 if he turns 75 years old in 2021? d) Assuming that Tim is 76 years old at the end of 2021 and his marginal tax rate is 32 percent, what amount of his distribution will he have remaining after taxes if he receives only a distribution of $50,000 for 2021? e) Complete Form 5329, page 2, to report the minimum distribution penalty in part (d). Use the most recent form available