Ppp Schedule A Worksheet Table 2. Enter salary hourly wage reduction box 3 from ppp schedule a worksheet table 1 however see salary wage hourly wage reduction for certain cases where you need to add back salary amounts. Refer back to the fte reduction safe harbor section on the schedule a worksheet.
Only put on table 1 those employees who during every pay period in 2019 earned less than 100 000 at an annualized rate. Similarly for line 5 and lines 11 13 it s easier to skip these for now. Enter salary hourly wage reduction box 3 from ppp schedule a worksheet table 1 however see salary wage hourly wage reduction for certain cases where you need to add back salary amounts.
Separately list each employee.
Do not include any independent contractors owner employees self employed individuals or partners. Remember that no owner can be compensated more than 15 385 for the eight week covered period or 20 833 for the 24 week. Complete all information on employee worksheet. Enter salary hourly wage reduction box 3 from ppp schedule a worksheet table 1 however see salary wage hourly wage reduction for certain cases where you need to add back salary amounts.