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Required information Problem 13-57 (LO 13-2) (Static) [The following information applies to the questions displayed below] Tim has worked for one employer his entire career.

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Required information Problem 13-57 (LO 13-2) (Static) [The following information applies to the questions displayed below] 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 onswers blank, Enter zero if opplicable. Problem 13-57 Part a (Static) 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

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