TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $409,000 (of which $204,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $81,800. Compute Tyrone's PII tax. Do not round intermediate computations. If required, round your final answer to the nearest dollar. Tyrone's passive investment income tax is $ Feedback Check My Work A tax is imposed on the excess passive income of S corporations that possess AEP from C corporation years. The tax rate is the highest corporate rate for the year