(A) The net profits of businesses and professions from activities conducted in the city shall be computed by multiplying the entire net profit from all sources by a business allocation percentage to be determined by:
(1) Ascertaining the percentage which the gross receipts of the licensee from sales or services rendered within the city bears to the total gross receipts from sales or services rendered wherever made;
(2) Ascertaining the percentage which the wages, salaries and other personal service compensation period covered by the report of services performed or rendered within the city bears to the total wages, salaries and personal service compensation for such period of all the licensee’s employees within and without the city; and
(3) Adding together the percentage determined in accordance with divisions (A)(1) and (A)(2) above and dividing the total so obtained by two.
(B) SALES WITHIN THE CITY, as used in this section, shall be sales of merchandise to or services performed within the city.
(Prior Code, § 110.05) (Ord. A-27, passed 3-24-1969)