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Tim has worked for one employer his entire career. While he was working, he partichated in the employer's defined contribution plan [traditional 401(k) ). At
Tim has worked for one employer his entire career. While he was working, he partichated in the employer's defined contribution plan [traditional 401(k) ). At the end of 2022 , Tim retires. The balance in his defined contribution plan at the end of 2021 was $2,000,000. (Use Exhibit 13-3.) Note: Leave no answers blank. Enter zero if applicable. Required: b-1. What is Tim's required minimum distribution for 2022 if he turns 72 during 2022? b-2. When must he recelve this distribution? Complete this question by entering your answers in the tabs below. What is Tim's required minimum distribution for 2022 if he turns 72 during 2022
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