Felicia is a single taxpayer who retired from her job as a sales executive with Waynesville Associates, LLC. During 2022, she turns 72 and decides to begin withdrawing the $320,000 in assets (balance as of December 31, 2021) in her pension account. Her pension plan is a qualified noncontributory plan.
a. What is the required minimum distribution that Felicia must take?

b. Assume the same facts as in part a above except that the pension plan account balance on December 31, 2022 is $301,000. What is Felicia’s minimum required distribution for 2023?