69V-560.805. Gross Income Test  


Effective on Tuesday, January 13, 2009
  • 1For purposes of determining whether a person is engaged in the business of check cashing for which registration is required the following formula will be applied:

    27Compensation for Check Cashing/Foreign Currency Exchange

    33_________________________________________________________________

    34Gross Income + Compensation for Check

    40Cashing/Foreign Currency Exchange

    43“Gross Income” means Gross Revenue (Sales) – Cost of Goods Sold.

    54Specific Authority 56560.105 FS. 58Law Implemented 56061.304(2) FS. History–New 9-14-04, Amended 1-13-09.

     

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