Sampson is single and has three capital transactions during the current year: Short-term capital loss of $5,000 Short-term capital gain of $3,000 Long-term capital loss of $2,000 Prior to considering the transactions listed above, Sampson's taxable income is $50,000. What is the net effect on Sampson's income taxes based on the 2021 tax rates for a taxpayer with a filing status of single? a. $1,540 tax reduction. b. $880 tax reduction. c. $660 tax reduction. d. $450 tax increase.