as to conditions and operation CRITERIA FOR LARGE TAXPAYERS Flashcards

1
Q

Gross receipts or sales

A

1,000,000,000 in a yr. (total annual gross sales or receipts

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2
Q

Net Worth

A

300,000,00 at yr. end (total net worth at the close of each calendar or fiscal yr.)

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3
Q

Gross Purchases

A

800,000,000 (800M) in the preceding yr. (total annual purchases for the preceding yr.)

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