Ppp Schedule A Worksheet Table 2

Ppp schedule a requires that separate tables be completed for differently situated employees table 1 applies to.

Ppp schedule a worksheet table 2. The details of how to derive the data correctly are provided in the ppp schedule a worksheet section of this article. Schedule a p 6 1. The data for ppp schedule a derives from the schedule a worksheet table 1 and table 2. Separates into five pieces.

For lines 6 through 9 during the covered period or the alternative payroll covered period. You can skip this page for now. The schedule a worksheet helps you determine the figures you need to complete schedule a. Schedule a worksheet instructions pp 7 8 4.

There are two tables that ask for various wage data depending on the classification of each employee. If borrower together with affiliates if applicable received ppp loans in excess of 2 million. Instructions for ppp schedule a. The prorated cash compensation table table 2 lists paychecks in your quickbooks account where the pay period start date is within your selected period but the paycheck date falls after your selected period.

1 employees employed at any point during the covered period or alternative payroll covered period principal place of residence was the us. Enter the total from box 2 average fte table 1 from the ppp schedule a worksheet. Schedule a worksheet p 9 1. Schedule a instructions p 5 3.

1 and 2 must be submitted to lender. How to get the info. How it looks on the form. Table 1 box 1 box 2 and box 3.

Lines 1 through 5. Here you will find the ppp schedule a worksheet. Documents required with submission and documents. Enter the amount in box 1 cash compensation table 1 from the ppp schedule a worksheet.

And 2 received compensation at an annualized rate of less. This is the third component of the ppp forgiveness application but should ideally be completed before the second component. As a patriot customer you ll be able to gather a few reports from within your account to fill out the schedule a worksheet. Complete the tables 1 2 with all your employees names and salary information.

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. Ppp forgiveness application and attestation pp 3 4 1. Table 1 is for employees who make less than or equal to an annualized 100k.

Don t worry we ll cover where to find these totals later in this article. Check if applicable to you. Lines 2 3 5 11 12 and 13. If there is more than one such paycheck per employee this table will only include the paycheck with the earliest paycheck date.

Lines 1 3. Enter the amounts from ppp schedule a worksheet tables as directed. Enter the amount from line 3 of ppp schedule a on line 5 of the loan forgiveness application form. For lines 2 and 3 you ll need the average fte box 2 and the salary hourly wage reduction box 3 from ppp schedule a worksheet table 1.