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The "total income" or "gross income" plus "cost of goods sold" as reported to the IRS tax returns. The figure includes all affiliates world wide. This figure is calculated based on your firm's last three completed fiscal years. Travel, real estate and advertising agents, providers of conference management Services, freight forwarders, customs brokers and tour operators may deduct amounts they collect on behalf of another. If a concern has not been in business for three (3) years, the average weekly revenue for the number of weeks the concern has been in business is multiplied by 52 to determine its average annual receipts. |