[Code of Federal Regulations]
[Title 29, Volume 3]
[Revised as of July 1, 2004]
From the U.S. Government Printing Office via GPO Access
[CITE: 29CFR794.122]

[Page 752]
 
                             TITLE 29--LABOR
 
         CHAPTER V--WAGE AND HOUR DIVISION, DEPARTMENT OF LABOR
 
PART 794_PARTIAL OVERTIME EXEMPTION FOR EMPLOYEES OF WHOLESALE OR BULK 
 
Subpart B_Exemption From Overtime Pay Requirements Under Section 7(b)(3) 
                               of the Act
 
Sec. 794.122  Ascertainment of ``annual'' gross sales volume.

    The annual gross volume of sales of an enterprise engaged in the 
wholesale or bulk distribution of petroleum products consists of its 
gross dollar volume of sales during a 12-month period. Where a 
computation of annual gross volume of sales is necessary to determine 
the status of the enterprise under section 7(b)(3) of the Act, it must 
be based on the most recent prior experience which it is practicable to 
use.