Hoosier Incorporated is an Indiana corporation. It properly included, deducted, or excluded t8h1e)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 t8h1e)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.

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The Answer of Hoosier Incorporated is an Indiana corporation. It properly included, deducted, or excluded t8h1e)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