-11-
Comp. as % Eberl's salary
Fiscal NIBTNOL1 of NIBTNOL as % of
year & comp. & comp. gross receipts
1988 $36,391 110.0% 14.1%
1989 638,000 100.0 14.7
1990 293,767 112.3 13.7
1991 222,861 98.7 8.7
1992 4,392,439 99.5 21.2
1993 2,151,935 98.0 22.7
1 NIBTNOL is petitioner's net income before tax and net operating
loss.
6. Petitioner's Gross Receipts and Taxable Income
Petitioner's taxable income was as follows:
Fiscal Taxable
year income
1988 ($3,609)
1989 (3,609)
1990 (39,842)
1991 (36,981)
1992 (14,542)
1993 27,393
Petitioner has never paid dividends.
Petitioner's net profits (i.e., profits before tax and net
operating loss) as a percentage of gross receipts were as
follows:
Fiscal Net profits before Net profit as %
year tax and NOL Gross receipts of gross receipts
1988 ($3,609) $282,682 (1.28%)
1989 -0- 4,141,872 0.00
1990 (36,233) 2,190,835 (1.65)
1991 2,861 2,193,708 0.13
1992 22,439 20,438,803 0.11
1993 41,935 9,168,585 0.46
Petitioner's net profits as a percentage of total income and
equity were as follows:
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