Question 16 of 40. Emily borrowed $20,000 from her employer's plan. When she...

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Accounting

Question 16 of 40.
Emily borrowed $20,000 from her employer's plan. When she left her employer in September 2023, 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

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