Question
PPP
If I pay someone salary of $150K and then provide medical benefits and 401K matching of $10K: is the $150K capped at $100K and then I get $10K more for the benefits (i.e. $110K)? Or is wages PLUS benefits capped at $100K (i.e. $100K total cap)? This is both for the maximum loan amount calculation and the forgiveness calculation.
If I pay someone salary of $150K and then provide medical benefits and 401K matching of $10K: is the $150K capped at $100K and then I get $10K more for the benefits (i.e. $110K)? Or is wages PLUS benefits capped at $100K (i.e. $100K total cap)? This is both for the maximum loan amount calculation and the forgiveness calculation.
Where am I?
In Multifunding SBA CoronaVirus Support you can ask and answer questions and share your experience with others!
No answers yet.