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PWD Incorporated Is an Illinois Corporation

Question 20

Multiple Choice

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 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. Calculate PWD's Illinois state tax base. A) $116,000 B) $130,833 C) $131,000 D) $164,333 PWD's federal taxable income was $100,000. Calculate PWD's Illinois state tax base.


A) $116,000
B) $130,833
C) $131,000
D) $164,333

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