LO.5 Phil has the following long-term capital gains and losses for 2012: $32,000 28% gain,

$11,000 28% loss, $18,000 25% gain, and $34,000 0%/15% gain. He also has a $23,000 short-term loss and a $5,000 short-term gain. What is Phil’s AGI from these transactions? If he has a net long-term capital gain, what is its makeup in terms of the alternative tax rates?