Occupational Tax is calculated on a graduated scale. The first $250,000 is taxed at 30 cents per thousand, the next $250,000 at 35 cents per thousand and so on. See example below based on a gross revenue of $1,750,000 for a business in a Tax Class 2. The Tax Class Factor for this business is 1.25 based on the chart above.
250 x .30 = 75.00
250 x .35 = 87.50
250 x .40 = 100.00
250 x .45 = 112.50
500 x .50 = 250.00
250 x .55 = 137.50
Total: $762.50 x 1.25 = $953.13 AMOUNT DUE