Quality Homes Ltd$.($Quality$)$ has a December $31$ taxation year end. The controller has calculated the$$ Company's

$20242024$

net income as

$ $50$ comma $000$$$50,000.$

$$However$,$ in arriving at this$$ amount, the controller deducted

$ $30$ comma $000$$$30,000$

of salary to an employee who is the sole shareholder of the Company and

$ $5$ comma $000$$$5,000$

of salary to an$$ arm's length employee. Both of these amounts were paid on June$30,$

$20252025.$

Which one of the following represents$$ Quality's

$20242024$

net$$ income?

Question content area bottom

Part $1$

A$.$$ $80$ comma $000$

$ $80$ comma $000$$$80,000$

B$.$$ $50$ comma $000$

$ $50$ comma $000$$$50,000$

C$.$$ $85$ comma $000$

$ $85$ comma $000$$$85,000$

D$.$$ $55$ comma $000$

$ $55$ comma $000$