Question: TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $465,000 (of which $232,500 is passive investment

TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $465,000 (of which $232,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $93,000. Compute Tyrone's passive investment income tax.

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