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Mr. Tuck and Ms. Under organized a new business as an LLC in which they own equal interests. The new business generated a $7,200 operating

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Mr. Tuck and Ms. Under organized a new business as an LLC in which they own equal interests. The new business generated a $7,200 operating loss for the year. Required: a. If Mr. Tuck's marginal tax rate before consideration of the LLC loss is 35 percent, compute his tax savings from the first-year LLC loss. Assume the basis, excess business loss limitations, and other loss limitations do not apply. Tax savings

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