Determine the Tyrone passive investment income tax

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Question - TyroneCo, an S corporation with a positive E & P balance, reports gross receipts for the year totaling $501,000 (of which $250,500 is passive investment income). Expenditures directly connected to the production of the passive investment income total $100,200. Determine the Tyrone's passive investment income tax.

Reference no: EM132950305

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