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TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $413,000 (of which $206,500 is passive investment
TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $413,000 (of which $206,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $82,600.
Compute Tyrone's passive investment income tax.
If required, round your final answer to the nearest dollar.
$
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