Meadowbrook, Inc., is considered a personal holding company and has the following information:

Taxable income …………………………………………      $345,000

Federal income tax liability …………………………….       102,000

Dividends-received deduction …………………………        30,000

Long-term capital gains (net of taxes) …………………        15,000

Current-year dividends paid ……………………………       200,000

Determine Meadowbrook’s personal holding company tax.