Tim has worked for one employer his entire career. While he was working, he participated in the employer’s defined contr

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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 2020, Tim retires. The
balance in his defined contribution plan is $2,000,000 at the end
of 2019. Assume CARES Act applies. (Use Exhibit 13-3.) (Leave no
answer blank. Enter zero if applicable.) rev:
10_14_2020_QC_CS-231569 CARES Problem 13-53 Part a (Static)
a. What is Tim’s required minimum distribution for 2020 that
must be distributed in 2021 if he is 68 years old at the end of
2020?