Capital Gains and Losses (LO. 5) Erin, a single taxpayer, has a taxable income of $168,000 in the current year before considering the following capital gains and losses: Short-term capital gain $3,000 Long-term capital gain 22,000 Unrecaptured Section 1250 gain 14,000 Erin is in the 32% marginal tax rate. In addition, Erin has an $8,000 long-term capital loss carryover from last year. Refer to the Capital gains and losses (individuals) table to answer the following question. What are the effects of these transactions on Erin's taxable income and her income tax liability, considering just the capital gains and losses? The gains are her gross income, which her taxable income to $ Her tax liability on her gains (losses) would be $