Capital Gains and Losses (LO. 5) Polly is single and has the following capital gains and losses for the current year: Assume that Polly is in the 35% marginal tax rate bracket and her adjusted gross income, prior to considering her capital gains and/or losses for the current year, is $225,000. Refer to the Capital gains and losses (individuals) table to answer the following question. Hint: The Medicare Surtax is 3.8% on excess of AGI over $200,000. What is the effect of the capital gains and losses (considering just the capital gains and losses) on Polly's taxable income and her income tax liability? Due to the effect of the capital gains and losses, Polly's taxable incomr by $ and her income tax liability on capital gains would be \$