Using one month's gross receipts of $72,000, we do the calculation this way: $72,000 - $50,000 = $22,000 $22,000 x .05 = $1,100 $1,100 + base of $1,000 = month's rent of $2,100. 2. Minimum base rent + percentage of all gross receipts: Here, we don't set a bottom line revenue before the percentage kicks in. Rent is paid on all gross receipts from zero. Example: $500 base rent + 2% of gross business receipts.
Insurance Premium Tax (IPT) is a tax on general insurance premiums. There are 2 rates: 1  a standard rate 9.5%.  a higher rate 20% - for travel insurance, mechanical/electrical appliances insurance and some vehicle insurance.
Internet of Things (IoT) is a term used for describing a network of objects using which animals and human beings will be able to transfer data over any network without the use of human to computer interaction as well as also without the requirement of any kind of human to human interaction.