Help Save. Exit Su 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 Illinois income taxes Indiana income taxes Ohio Commercial Activity Tax Depreciation Illinois municipal bond interest Indiana municipal bond interest Federal T-note interest Amount $ 33,333 $ 18,500 $ 4,000 $ 40,000 $10,000 $ 15,000 $ 2,500 Federal Treatment Deducted on federal return Deducted on federal return Deducted on federal return Deducted on federal return Excluded from federal return Excluded from federal return Included on federal return 2:56 State depreciation expense was $50,000. Hoosier's federal taxable income was $150,300. Calculate Hoosier's Indiana state tax base. Multiple Choice