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 $113,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$128,961
B)$143,411
C)$144,286
D)$159,275

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 $113,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$128,961 
B)$143,411 
C)$144,286 
D)$159,275

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 $113,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.
A)$128,961 
B)$143,411 
C)$144,286 
D)$159,275

PWD Incorporated Is an Illinois Corporation