Cat has the following capital gains and losses during 2018:

Short Term Capital loss --------- (10,000)

Collectibles Loss--------(7000)

Long Term Capital Gain------ 9000

Qualified Dividend Income --------- 7000

If Cat's marginal tax rate is 33%, what is the effect of the above transactions on her taxable income and her tax liability? (Show Calculations and Netting Process)