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?

Match the terms with their correct definition. terms: 1. accounts receivable 2. other receivables 3 debtor 4. notes receivable 5. maturity date 6. creditor definitions: a. the party to a credit transaction who takes on an obligation/payable. b. the party who receives a receivable and will collect cash in the future. c. a written promise to pay a specified amount of money at a particular future date. d. the date when the note receivable is due. e. a miscellaneous category that includes any other type of receivable where there is a right to receive cash in the future. f. the right to receive cash in the future from customers for goods sold or for services performed.