Examples of Gross receipts in a sentence
However, no franchise or capital stock tax or income or similar tax, measured or based on income or profits to the Lessee, or any tax which forms a part of the cost of Lessee, shall be deducted from Gross Receipts.
Notwithstanding the foregoing, Gross Receipts shall not include refunds to customers, the cost of meals sold to employees of the Lessee, sales taxes, excise taxes or other taxes that are collected from patrons and paid directly to the appropriate governmental agency by the Lessee and the amount of any discount from the regular price of all items sold within the Demised Premises as a result of redemption or honoring of coupons or other similar promotions.
Accordingly, if gross receipts are not collected, deposited and accounted for in the manner and within the time specified in Attachment I Scope of Work (Collection and Deposit of and Accounting For Gross Receipts), a delinquency charge equal to the lesser of the actual amount not collected, or $500 per occurrence will be deducted by OC Public Works Accounting from monthly compensation due Contractor as specified in Attachment B.
Within ninety days after the end of each Accounting Year, Contractor shall, at Contractor’s own expense, submit to OCPW Accounting a Statement of Gross Receipts, audited by a Certified Public Accountant, for each Accounting Year.