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