PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year: PWD's federal taxable income was $100,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$116,000
B)$130,833
C)$131,000
D)$145,833

Question

PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year:  PWD's federal taxable income was $100,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$116,000 
B)$130,833 
C)$131,000 
D)$145,833

Quizplus · Accepted Answer

The Answer of PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year:  PWD's federal taxable income was $100,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$116,000 
B)$130,833 
C)$131,000 
D)$145,833

PWD Incorporated Is an Illinois Corporation