PWD Incorporated is an Illinois corporation. It properly included, deducted, or excluded the following items on its federal tax return in the current year:ItemAmountFederal TreatmentIllinois income taxes$33,333Deducted on federal returnIndiana income taxes$18,500Deducted on federal returnOhio Commercial Activity Tax$4,000Deducted on federal returnIllinois municipal bond interest$10,000Excluded from federal returnIndiana municipal bond interest$15,000Excluded from federal returnFederal T-note interest$2,500Included on federal returnPWD's federal taxable income was $100,000. Calculate PWD's Illinois state tax base.
A. $130,833
B. $164,333
C. $131,000
D. $116,000
Answer: B
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