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Agnes is going to invest $90,000 in a business entity. She will manage the business entity. Her projected share of the loss for the first

Agnes is going to invest $90,000 in a business entity. She will manage the business entity. Her projected share of the loss for the first year is $36,000. Agnes marginal tax rate is 33%. Determine the cash flow benefit of the first year loss to Agnes if the business form is: a. A general partnership b. An S corporation c. An LLC d. A C corporation

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