AgTalk Home
AgTalk Home
Search Forums | Classifieds (217) | Skins | Language
You are logged in as a guest. ( logon | register )

Quick PPP question
View previous thread :: View next thread
   Forums List -> Market TalkMessage format
Posted 1/13/2021 21:39 (#8749393 - in reply to #8748141)
Subject: I’ll give you an equation


Good question.  Not a lot of agreement out there.  Language below.  Best interpretive estimates from what I have heard are

{ [Sch F line 9 (gross income) minus Sch F lines 22/23 (payroll costs on Sch F, which may not match 943)] capped at $100K


943 wages (b/c that is accrued wage costs but monthly depositors may pay Dec deposit in following Jan - this was specified last year as proper by SBA) }

all times 2.5/12 

Ithought you had to use 2019 only for first draw with choice of either for second draw but I can’t keepup with the changes. 

Edited by sand85 1/13/2021 21:51

(D06DE53C-D5C2-4195-8520-016A18A6761D (full).png)

Attachments D06DE53C-D5C2-4195-8520-016A18A6761D (full).png (70KB - 4 downloads)
Top of the page Bottom of the page

Jump to forum :
Search this forum
Printer friendly version
E-mail a link to this thread

(Delete all cookies set by this site)