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Medical,Inc

Question 73

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Medical,Inc. ,a § 501(c)(3) exempt organization,engages in an excess benefit transaction.The amount of the excess benefit is $50,000.For the organization management,the participation in the excess benefit transaction was not willful and was due to reasonable cause.Calculate the amount of the excise tax (first-level tax) imposed under the intermediate sanctions provision.

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Under the intermediate sanctions provisi...

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