It is unlawful for any person to engage in or follow any trade, occupation or profession within the City on and after July 1, 1974, without paying a license fee for the privilege of engaging in or following the trade, occupation or profession, which license fee shall be measured by 2.5% of the gross receipts of each such person. There shall be a maximum liability (gross compensation subject to the license fee) for each employee equal to the maximum established for FICA purposes. This maximum shall be applied by each employer on the salaries, wages, commissions or other compensation earned by each employee, and deductions, as required by § 37.048, shall be made only upon the amount of salaries, wages, commissions or other compensation subject to the license fee, as defined in § 37.048, which does not exceed the FICA maximum established for that year.
(1995 Code, § 3.16.020) Penalty, see § 37.999