Fla. Admin. Code Ann. R. 69V-560.805 - Gross Income Test
For 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:
Compensation for Check Cashing/Foreign Currency Exchange
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Gross Income + Compensation for Check
Cashing/Foreign Currency Exchange
"Gross Income" means Gross Revenue (Sales) - Cost of Goods Sold.
Notes
Rulemaking Authority 560.105 FS. Law Implemented 560.304(2) FS.
New 9-14-04, Amended 1-13-09.
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