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Business, 06.05.2020 07:12 agilitygirl1

PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year: Item Amount Federal Treatment Illinois income taxes $ 33,410 Deducted on federal return Indiana income taxes $ 18,445 Deducted on federal return Ohio Commercial Activity Tax $ 3,978 Deducted on federal return Illinois municipal bond interest $ 9,956 Excluded from federal return Indiana municipal bond interest $ 15,275 Excluded from federal return Federal T-note interest $ 2,478 Included on federal return PWD's federal taxable income was $111,000.

Calculate PWD's Illinois state tax base.

A. $126,967
B. $141,932
C. $142,242
D. $175,652

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