PWD Incorporated Is an Illinois Corporation

question 57

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.

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

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Definitions:

Human Immunodeficiency Virus (HIV)

A virus that attacks the human immune system, depleting the body’s ability to fight infection; the infection that causes AIDS.

Infections

The invasion and multiplication of microorganisms such as bacteria, viruses, and fungi that are not normally present within the body, often causing disease or illness.

Incidence

The frequency or rate at which a particular event or condition occurs within a defined population.

HIV Infection

A virus that attacks the immune system, the body's natural defense against illness, leading to AIDS if not treated.