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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

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 management’s 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.


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