Dubai Duty Free presents the following financial details for the year ending December 31, 2023 Revenue from retail sales AED 2,800,000 Cost of Goods Sold AED 1,000,000 Operating Expenses AED 600,000 Interest Expense AED 40,000 Tax Rate 20 Determine Dubai Duty Free's net income and the tax obligation

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Dubai Duty Free presents the following financial details for the year ending December 31, 2023: Revenue from retail sales: AED 2,800,000 Cost of Goods Sold:

Dubai Duty Free presents the following financial details for the year ending December 31, 2023:

Revenue from retail sales: AED 2,800,000
Cost of Goods Sold: AED 1,000,000
Operating Expenses: AED 600,000
Interest Expense: AED 40,000
Tax Rate: 20%

Determine Dubai Duty Free's net income and the tax obligation.

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