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PWD Incorporated Is an Illinois Corporation

Question 9

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 $119,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base. A) $134,943 B) $149,447 C) $150,418 D) $165,479 PWD's federal taxable income was $119,000. If Illinois only requires Illinois taxes to be added back, calculate PWD's Illinois state tax base.


A) $134,943
B) $149,447
C) $150,418
D) $165,479

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