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Using Dubai Holding's financials for the fiscal year 2023: Gross Income: AED 2,000,000 Operating Expenses: AED 800,000 Depreciation Expense: AED 300,000 Interest Expense: AED 120,000

Using Dubai Holding's financials for the fiscal year 2023:

  • Gross Income: AED 2,000,000
  • Operating Expenses: AED 800,000
  • Depreciation Expense: AED 300,000
  • Interest Expense: AED 120,000
  • Tax Rate: 18%

Compute Dubai Holding's taxable income and the taxes payable.

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