Question: TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $ 4 1 7 , 0 0

TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $417,000(of which $208,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $83,400.
Compute Tyrone's passive investment income tax.
If required, round your final answer to the nearest dollar.

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