Hoosier Incorporated is an Indiana corporation.It properly included,deducted,or excluded the following items on its federal tax return in the current year: State depreciation expense was $50,000.Hoosier's federal taxable income was $150,300.Calculate Hoosier's Illinois state tax base.

Question

Hoosier Incorporated is an Indiana corporation.It properly included,deducted,or excluded the following items on its federal tax return in the current year:  State depreciation expense was $50,000.Hoosier's federal taxable income was $150,300.Calculate Hoosier's Illinois state tax base.

Quizplus · Accepted Answer

The Answer of Hoosier Incorporated is an Indiana corporation.It properly included,deducted,or excluded the following items on its federal tax return in the current year:  State depreciation expense was $50,000.Hoosier's federal taxable income was $150,300.Calculate Hoosier's Illinois state tax base.

Hoosier Incorporated Is an Indiana Corporation