Question 16 (2.5 points) Randy and Scott formed an S-Corporation on January 1st. Randy contributed a building with FMV of $100,000 and basis of $50,000, plus $150,000 cash. Scott contributed $250,000 cash. What is Randy's initial basis in the S Corporation? OA) $200,000 OB) $150,000 OC) $100,000 OD) $250,000 Question 17 (2.5 points) During 2019, Elena generated $24,500 of net self-employment income. If Elena had no other earned income, how much self-employment tax will she owe on this profit? The social security limit in 2019 was $128,500. OA) $3,009 B) $3,749