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Business, 08.04.2020 03:07 only1cache

Dominic's records reflect the following information: Donated stock having a fair market value of $3,500 to a qualified charitable organization. He purchased the stock 2 years earlier for $3,000. Paid $1,600 cash to qualified public charitable organizations. Dominic's adjusted gross income for this year was $50,000. What is the amount of his charitable contribution deduction for the year?

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