Payroll is reported before deductions for social security, income tax, insurance, union dues, etc. This definition of payroll is the same as that used by the IRS on form 941. This item consists of payroll, as defined above, paid to persons employed at any time during the quarter January to March 1992. Excise taxes on gasoline, liquor, tobacco, etc., which are paid by the manufacturer or wholesaler and passed on in the cost of goods purchased by the service establishment, are also included. Receipts also include the total value of service contracts, amounts received for work subcontracted to others, and dues and assessments from members and affiliates.
Receipts are net after deductions for refunds and allowances for merchandise returned by customers.
Receipts in this report do not include service receipts of manufacturers, wholesalers, retail establishments, or other businesses whose primary activity is other than service. Revenue from all business activities whether or not payment was received in 1992, including net premiums earned by insurance carriers, commissions and fees from all sources, rents, net investment income, interest, dividends, and royalties. Rental revenue from leasing property marketed under operating leases is included, as well as interest earned from property marketed in 1992 under capital, finance, or full payout leases. Revenue also includes the total value of service contracts, amounts received for work subcontracted to others, rents from property sublet to others, and dues and assessments from members. Revenue does not include sales and other taxes collected from customers and remitted directly by the firm to a local, State, or Federal tax agency.