After-tax cost of debt can be determined using the following formula: After-Tax Cost of Debt = Pre-Tax Cost of Debt × (1 – Tax Rate) The gross or pre-tax … = Net Income + Net After-Tax Interest Expense = Net Income + (Interest Expense − Interest Income) × (1 − Tax Rate) 30,000. It is mandatory to procure user consent prior to running these cookies on your website. Therefore, to get the actual value of the net income, you need to have actual numbers of the total revenue, expenses, business running costs and losses. Below is the income statement for Apple Inc. (AAPL) for the fiscal quarter ending December 28, 2019, according to the company's 10-Q filing. It determines the profit made by the company in any quarter and is therefore a prime performance indicator checked out by investors. Firstly, taxable income is determined, after which income tax is deducted from that value, to get the net income. The two figures can also be described as pre-tax income and after-tax income. These cookies will be stored in your browser only with your consent. Net Income = Total Revenues – Total Expenses Get in touch with us and we'll talk... //