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Sec. 111.0316. Resident. <br />Resident means an individual domiciled in the Village of Mayfield, Ohio, <br />Sec. 111,0317. ResideRt Unincorporated Business Entity. <br />&esident Unincorporated Business Entity means an unincorporated business <br />etttity having an office or place of business vithin the Village of Mayfield, Ohio. <br />Sec. 111.0318. Taxable Income. <br />Taxable iacome means wages, salaries and other compensation paid by an <br />employer or employers before any deduction and/or the net profits from the operation <br />of a business, profession or other enterprise or activity adjusted in accordance <br />with the provisions of this title. <br />Sec. 111. 0319. Taxable Year. <br />Taxable year means the calendar year, or the fiscal year upon the basis <br />of which the.net profits are to be computed under this ordinance, and in the case <br />of a return for a fractional part of a year, the period for which such return is <br />required to be made. <br />Sec. 111.0320. Taxpayer. <br />Taxpayer means a person, whether an individual, partnership, association, <br />or any corporation or other entity,required hereunder to file a return or pay a tax. <br />CHNPTER 5 <br />IMPOSITION OF INCOME TAX <br />Sec. 111.0501, Rate and Income Taxable. <br />An annual tax for the purposes specified in Sectiott 111.0101 hereof <br />shall be imposed on and after October 1, 1967, at the rate of one-half of one <br />percettt (1/2%) per annum upon the following: <br />(1) On all salaries, wages, commissions and,other compensation earned <br />on and after October 1, 1967, by residents of the Village of Mayfield, Ohio. <br />(2) On all salaries, wages, commissions and other compensation earned <br />on and after October l, 1967i bq non-residettts oE the Village of Mayfield, Ohio* <br />for work done or services performed or rendered withia the Village of Mayfield, Ohio. <br />(3) a. On the portion attributable to the Village of Mayfield, Ohio, <br />on the net profits earned on and after October 1, 1967, of all resident unincorporated <br />business entities or professions or other activities, derived from sales made, work done, <br />services performed or rendered and business or other activities conducted in the <br />Village of Mayfield, Ohio. <br />4.