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TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $497,000 (of which $248,500 is passive investment

TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $497,000 (of which $248,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $99,400.

Do not round intermediate computations. If required, round your final answer to the nearest dollar.

Tyrones passive investment income tax is

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