(A) The net profits of businesses and professions from activities conducted in the city shall be computed as follows: multiply the entire net profits from all sources by an allocation percentage to be determined by 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 of services rendered wherever made.
(B) The salaries, wages and other compensation from activities conducted in the city shall be computed as follows: multiply the entire salaries, wages and other compensation by an allocation percentage to be determined by the percentage of time the employee performs services within the city.
(Ord. 2017-12, passed 12-11-2017; Ord. 2020-11, passed 6-22-2020)