1. RoundRock, Inc. is a qualifying 501(c)(3) organization. Determine if RoundRock, Inc. is a public charity or a private foundation if RoundRock receives its support from the following sources:

Grants from Government Unit A $18,000

General Public (for services rendered) $25,000

Gross Investment Income $ 8,000

Contributions from one Individual $19,000

2. Save the Planet, Inc. is a qualifying 501(c)(3) organization. Determine if Save the Planet is a public charity or a private foundation if it receives its support from the following sources:

Government Unit A (for services rendered). $18,000

General Public (for services rendered) $25,000

Gross Investment Income $ 8,000 Contributions from one individual $19,000

3. Medical, Inc., a 501(c)(3) organization a public charity, sells property to its executive director for $125,000. The fair market value of the property is $175,000. The organization managements participation in the transaction was not willful and reasonable cause exists for the management. Calculate the amount of the excise tax imposed under the intermediate sanctions provision both first level and second level.