Question: 1 7 . Problem 1 2 - 4 2 Algorthmic LO . 1 0 : TyroneCo an S corporation with a positive E & P

17. Problem 12-42 Algorthmic LO.10: TyroneCo an S corporation with a positive E & P balance, reports gross receipts for the year totaling $509,000( of which $254,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $101,800. Compute Tyrones passive investment income tax $_____.

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