16.On 12/31/22, Mimi, LLC reported a $60,000 loss on its books. The items included in the loss computation were $30,000 in sales revenue, $15,000 in qualifying dividends, $22,000 in cost of goods sold, $50,000 of Section 179 expense, $20,000 in employee wages, and $13,000 of rent expense. How much ordinary business income (loss) will Mimi report on its 2022 return?

		a. ($8,000)
		b. ($25,000)
		c. ($60,000)
		d. ($95,000)

17.Henry received a 33% capital and profit (loss) interest in ZZZ Limited Partnership (LP). In exchange for this interest, Henry contributed a building with a FMV of $30,000. His adjusted basis in the building was $15,000. In addition, the building was encumbered with a $9,000 nonrecourse mortgage that ZZZ, LP assumed at the time the property was contributed. What is Henry's outside basis immediately after his contribution?

		a. $6,000
		b. $9,000
		c. $21,000
		d. $24,000