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	$	33,340	Deducted on federal return
Indiana Income Taxes	$	18,495	Deducted on federal return
Ohio Commercial Activity Tax	$	3,998	Deducted on federal return
Illinois Municipal Bond Interest	$	9,996	Excluded from federal return
Indiana Municipal Bond Interest	$	15,025	Excluded from federal return
Federal T-Note Interest	$	2,498	Included on federal return

PWD's Federal Taxable Income was $101,000. Calculate PWD's Illinois state tax base.

Multiple Choice

• $116,997.

• $131,842.

• $132,022.

• $165,362.