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Quick PPP question
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170class
Posted 1/13/2021 13:21 (#8748141)
Subject: Quick PPP question


I know nothing about PPP at all...just looking into it. Im a small farmer with less than $100k gross income. I pay my high school age kids a small salary to help around the farm. The way it was explained to me I would have to deduct the amount I pay them off my gross revenue thus lowering my loan amount? So its a disadvantage to have employees? Or am I not understanding this all correct?
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