During 2019, an individual recognizes a $11,000 short-term capital loss, an $5,000 long-term capital loss and a $6,000 short-term capital gain. Prior to considering these capital gains and losses, the individual's adjusted gross income equals $50,000. After taking its capital gains and losses into consideration, the individual's taxable income equals:

$56,000

$45,000

$47,000

Please explain your answer, its helpful!