TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $$400,000($of which $$200,000$ is passive investment income$).$ Expenditures directly connected to the production of the passive investment income total $$80,000.$

Compute Tyrone's passive investment income tax.

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

$fill in the blank $1$

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