Quality Homes Ltd. (Quality) has a December 31, 2015 year end. The controller has calculated the Companys 2015 income as $50,000. However, in arriving at this amount, the controller deducted $30,000 of salary to an employee who is the sole shareholder of the Company and $5,000 of salary to an arms length employee. Both of these amounts were paid on July 30, 2016. Which one of the following represents Qualitys 2015 Net Income For Tax Purposes?

		$50,000.
		$55,000.
		$80,000.
		$85,000