Elise has the following capital gains and losses for the current year:

short-term capital loss $(8000)

long-term capital gain $3000

collectible gain $2000

short-term capital gain $12000

If Elise is single and has a taxable income from other sources of $110,000, what is the impact of his capital gains and losses on his income tax liability?

note:Net long-term capital gains are taxed at 15% and ordinary income is taxed at 24%