Question: Exercise 22-16 (Algorithmic) (LO. 10) TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $441,000 (of

Exercise 22-16 (Algorithmic) (LO. 10) TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $441,000 (of which $220,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $88,200. Compute Tyrones PII tax. Do not round intermediate computations. If required, round your final answer to the nearest dollar. Tyrone's passive investment income tax is $____________

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