To calculate the net income after corporate income tax is paid for Quarter 1, we need to follow these steps:
1. Identify the pre-tax income for Quarter 1.
2. Identify the corporate income tax amount.
3. Subtract the corporate income tax from the pre-tax income to determine the net income.
From the given data:
- The pre-tax income for Quarter 1 is [tex]$90,000$[/tex] dollars.
- The corporate income tax is [tex]$18,900$[/tex] dollars.
Now, we can calculate the net income as follows:
[tex]\[ \text{Net Income Q1} = \text{Pre-tax Income Q1} - \text{Corporate Income Tax} \][/tex]
Substituting the values:
[tex]\[ \text{Net Income Q1} = 90,000 - 18,900 \][/tex]
[tex]\[ \text{Net Income Q1} = 71,100 \][/tex]
Therefore, the net income after corporate income tax is paid for Quarter 1 is $71,100 dollars.
