a. Frank, who has AGI of $96,500, owns stock in Schultz Corporation with a basis of $32,500.He donates the stock to a qualified charitable organization on December 11, 2017. What is the amount of Frank charitable contribution deduction on his 2017 Schedule A, assuming that he purchases the stock on May 30, 2017, and the stock had a fair market value of $34,275 when he made the donation, and assuming that he makes no charitable contribution elections? Keep in mind AGI limits.

b. Assume the same facts as in a., except that Frank purchased the stock on May 30, 2010. What is the amount of Frank charitable contribution deduction reported on his 2017 Schedule A, assuming he makes no charitable contribution elections? Keep in mind AGI limits.