PWD Incorporated Is an Illinois Corporation A) $116,000
B) $130,833
C) $131,000
D)$164,333

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's Federal Taxable Income was $100,000. Calculate PWD's Illinois state tax base.
$$\begin{array}{lll}\begin{array} { |l | l |l| }\hline \text { Item } & \text { Amount } & \text { Federal Treatment } \\\hline \text { Illinois Income Taxes } & \$ 33,333 & \text {deducated on federal return }\\\hline \text { Indiana Income Taxes } & \$ 18,500 &\text {deducated on federal return }\\\hline \text { Ohio Commercial Activity Tax} &\$4,000&\text {deducated on federal return }\\\hline\text { Illinois bind interst }&\$10,000&\text {excuded from federal return }\\\hline\text { indiana bind interst }&\$15,000&\text {excuded from federal return }\\\hline\text {ferderal T-note interst }&\$2,500&\text {included from federal return }\\ \hline\end{array}\end{array}$$

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