When Derek retired at normal retirement on 11/25/21 he had balance of $100000 in his ESOP plan. His employer had contributed $50000 over the years. He received the stock as a lump-sur retirement. He later sold the stack nn 8/3/22 for $120000.He is in the32% ordinary income tax bracket and long term capital gain rates are currently 15%. Which of the following is true regan pay?

1:32.000 of ordinary income taxes due in 2021

2.6,400 of taxes due in 2022 related to short-term capital gain

3.$7 500 of taxes due in 2022 related to net unrealized appreciation(Nua)

1. 2

2. 2.3

3. 1

Which of the following is true regarding required minimum distributions (RMDs)?

1. RMDs made late are subject to an excise tax of 10% on the undistributed amount.

2. Disfributlans are no longer required by beneficiaries once a participant dies.

3. RMDs are not required to be made with Roth iRAs but they are for Roth 401K