TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML...

TMI is a calendar year personal service corporation which reports income on a calendar year end basis. TML is also a personal holding company. TML had $125,000 of taxable income during the year. It is now December 31st.Question: Assuming that the company wishes to pay dividends to avoid the personal holding company tax, how much must be paid in dividends and when must they be paid assuming the corporation wants to pay the absolute minimum in dividends.