Gwen and Travis organized a new business as an LLC in which they own equal interests. The new business generated a $10,000 operating loss its first year. Gwen's marginal tax rate is 35%, her tax savings from the first-year LLC loss is: a) 1,750 b) $3.250 c)$ 3,500 d)$ 5,000

Gwen and Travis organized a new business as an LLC in which they own equal interests. The new business generated a $10,000 operating loss its first year. If Gwen's marginal tax rate is 35%, her tax savings from the first-year LLC loss is: $1,750$3,250$3,500$5,000