Question

Asked a question 10 months ago

Is retirement benefits and medical benefits included in the $100K compensation limit? I ask this for both the maximum loan calculation, and the forgiveness calculation

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Answered 10 months ago

I believe Ami said yes during today's webinar.

If I pay someone salary of $150K and then provide medical benefits and 401K matching of $10K: is the $150K capped at ... and the forgiveness calculation.

1. The program indicates that eligibility is based on payroll and gives parameters on time frame, etc. It says that ... 8 week payroll / related forgiveness?

On loan forgiveness, the terms exclude wages over $100,000. Does that mean that any employee who makes $100,000 annually ... and benefits forgiveness calculation?

Is the maximum loan amount the lesser of 10M or average wages+health care premiums+retirement benefits+state and local ... 8 of the webinar from 3/26/20 at noon.

How do you interpret: "incurred during the 1-year period before the date on which the loan is made" in section ... the number down until I get the loan.

For the PPP loan, our bank will need detailed information in order to calculate the average monthly payroll costs for ... debt (what if interest was converted)?