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hoosier incorporated is an indiana 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 $ 33,473 deducted on federal return indiana income taxes $ 18,400 deducted on federal return ohio commercial activity tax $ 3,960 deducted on federal return depreciation $ 42,000 deducted on federal return illinois municipal bond interest $ 9,920 excluded from federal return indiana municipal bond interest $ 15,500 excluded from federal return federal t-note interest $ 2,460 included on federal return state depreciation expense was $52,000. hoosiers federal taxable income was $152,300. calculated hoosiers indiana state tax base. multiple choice
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