Problem $23-42($Algorithmic$)($LO$.10)$

TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $$577,000($of which $$288,500$ is passive investment income$).$ Expenditures directly connected to the production of the passive investment income total $$115,400.$

Compute Tyrone's passive investment income tax.

If required, round your final answer to the nearest dollar.

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