Which of the following transactions between a not$-$for$-$profit organization and its

executive director would NOT result in the IRS imposing intermediate sanctions?

The director's salary is significantly more than those of other executive directors at similarly

sized not$-$for$-$profit organizations in the community

The not$-$for$-$profit organization sold the executive director a company owned car at far less than

its Blue Book value

The executive director sold the not$-$for$-$profit organization a piece of land for an amount that is

$150\%$ of its appraisal value

Fringe benefits are comparable to those of other employees