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Hoosier Incorporated Is an Indiana Corporation

Question 96

Multiple Choice

Hoosier Incorporated is an Indiana corporation.It properly included,deducted,or excluded the following items on its federal tax return in the current year: Hoosier Incorporated is an Indiana corporation.It properly included,deducted,or excluded the 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. A)  $171,300. B)  $173,800. C)  $204,633. D)  $207,133. State depreciation expense was $50,000.Hoosier's Federal Taxable Income was $150,300.Calculate Hoosier's Illinois state tax base.


A) $171,300.
B) $173,800.
C) $204,633.
D) $207,133.

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