instructions : Choose the best multiple choice answer and explain why you chose the answer. MUST provide 2-3 sentence brief explanation and show all work. All sources must be noted.

1.1.15 Part A. Jasie owned stock in Ame Corporation that she donated to a university (a qualified charitable organization) on September 7, 2016. What is the amount of Jasies charitable contribution deduction assuming that she had purchased the stock for $24,400 on October 24, 2015, and the stock had a value of $37,300 when she made the donation?

a.	$7,100.
b.	$24,400.
c.	$21,100.
d.	$38,200.
e.	None of the above.

1.16.Part B In 2015, Pet invests $200,000 for a 20% partnership interest in an activity in which she is a material participant. In 2016 she invests an additional $10,000. The partnership reports losses of $600,000 in 2015 and $700,000 in 2016. Pets share of the partnerships losses is $120,000 in 2015 and $140,000 in 2016. How much of the losses can Pet deduct?

a.	$120,000 in 2015 and $90,000 in 2016.
b.	$120,000 in 2015 and $140,000 in 2016.
c.	$200,000 in 2015 and $10,000 in 2016.
d.	$210,000 in 2015 and $0 in 2016.
e.	None of the above.