Emily borrowed $20,000 from her employer's plan. When she left her employer in September 2021, the loan had an outstanding balance of $15,000. Without regard to the loan, her account had a balance of $60,000. She requested a total distribution from the plan. Her Form 1099-R shows a distribution of $60,000 and her employer withheld at a rate of 20%. How much did she actually receive?

$33,000

$36,000

$45,000

$48,000