Serenity has the following capital gains and losses for the current year:
$\begin{array}{lr}
\text { Short-term capital loss } & \$(8,000) \
\text { Long-term capital gain } & 3,000 \
\text { Collectible gain } & 2,000 \
\text { Collectible loss } & (4,000)
\end{array}$
If Serenity is single and has taxable income from other sources of $75,000,what is the impact of her capital gains and losses on her income tax liability?
A)$ 690 decrease.
B)$ 750 decrease.
C)$ 840 decrease.
D)$1,050 decrease.
E)$1,960 decrease.

Question

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The Answer of Serenity has the following capital gains and losses for the current year:
$\begin{array}{lr}
\text { Short-term capital loss } & \$(8,000) \
\text { Long-term capital gain } & 3,000 \
\text { Collectible gain } & 2,000 \
\text { Collectible loss } & (4,000)
\end{array}$
If Serenity is single and has taxable income from other sources of $75,000,what is the impact of her capital gains and losses on her income tax liability?
A)$ 690 decrease.
B)$ 750 decrease.
C)$ 840 decrease.
D)$1,050 decrease.
E)$1,960 decrease.

Serenity Has the Following Capital Gains and Losses for the Current