Angie incurred capital gains and losses during the current year. She has a $12,000 net short-term capital loss; a $5,000 long-
term capital gain in the 15% category; and a $15,000 long-term capital gain in the 28% category. How will these transactions be
taxed after the gains and losses are combined?
O $8,000 will be taxed at 28%.
O $5,000 will be taxed at 15% and $12,000 will be taxed at 28%.
O $2,000 will be taxed at 15% and $15,000 will be taxed at 28%.
O $3,000 will be taxed at 28% and $5,000 will be taxed at 15%.