Ppp Schedule A Worksheet Table 1 Instructions

Enter the amount from line 3 of ppp schedule a on line 5 of the loan forgiveness application form.

Ppp schedule a worksheet table 1 instructions. Enter the total from box 3 salary hourly wage reduction from the ppp schedule a worksheet. There are two tables for non owner employees. For lines 6 through 9 during the covered period or the alternative payroll covered period. Here you will find the ppp schedule a worksheet.

Lines 1 through 5. 1 and 2 must be submitted to lender. Enter information in table 1 for employees you paid at an annualized rate of less than or equal to 100 000 on all pay periods in 2019. If the result is 1 0 or higher enter 1 0.

Enter the amounts from ppp schedule a worksheet tables as directed. Enter the amount in box 1 cash compensation table 1 from the ppp schedule a worksheet. Table 1 is for employees who make less than or equal to an annualized 100k. Separates into five pieces.

From the worksheet box 1. If the result is less than 1 0 enter it on line 13. Do not enter a number greater than 1 0 on line 13. The final number you have on line 13 from the ppp schedule a should then be entered on line 7 of the ppp loan forgiveness calculation form page 1.

Schedule a instructions p 5 3. Documents required with submission and documents. If all your employees were paid at least 75 of their original pay between january 1 and march 31 check the box and enter 0. Application instructions pp 1 2 2.

If you paid all of your employees at least 75 of their average salary or hourly wage check the box and enter zero on line 3. From the worksheet box 4. This is the third component of the ppp forgiveness application but should ideally be completed before the second component. Schedule a worksheet instructions pp 7 8 4.

Although no guidance has been provided a salaried employee should be listed as working 40 hours a week. 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. About fte reduction safe harbor 1 and 2. Ppp worksheet table 1.

Instructions for ppp schedule a. This tab will track the employee name identifier cash compensation from the employee worksheet tab this requires the input of the number of hours an employee worked during a specific week. Enter average fte box 2 from ppp schedule a worksheet table 1. Schedule a p 6 1.

Schedule a worksheet p 9 1. Ppp forgiveness application and attestation pp 3 4 1. Tables 1 2. Complete the tables 1 2 with all your employees names and salary information.

From the worksheet box 2. From the worksheet box 3. Self employed individuals without payroll can skip lines 1 through 8.