Calculation Approach

• When do you use the alternative FTE method of 1.0 and 0.5?
• Can I use the calculation method for part-time employees to...
• Can I use one method for the Covered Period and a different method for the baseline period for purposes of comparing my FTE reduction calculation?
• If I hire more people and didn’t reduce any wages, do I have to fill out the salary and hourly wage reduction and FTE reduction calculations in the application?
• What about the employees I hired during the Covered Period? Can I use the money that I spent on them for payroll costs in my forgiveness calculation?
• If we select the 24-week option, our spend will significantly exceed the loan amount we received.
• If we reduce hours by only 20% for our staff to aid in cost savings, will that impact our forgiveness amount?
• Do outside salespeople (exempt employees) get included in the FTE calculation?
• Do we still need to include in our FTE calculation employees that were laid off, terminated or quit prior to March 31?
• What if we fired someone on February 14 which was not related to the pandemic?
• We hired a new employee on February 17. How are they included in the calculations?
• What happens if the number of our FTEs are the same, but the employees during our Covered Period are completely different people?
• We hired two people as full-timers during the Covered Period who subsequently returned to their former jobs within weeks of coming to work for us.
• Our FTE on February 15, 2020 was 28. The current FTE is 27. One person left us voluntarily, and we laid off one person, all during February. 
• Can I just use my employee count that I used for my loan application?
• If a salaried employee gets a 20% salary reduction, do I have to count them as 0.8 FTE?
• Would an employee who resigned in Q2 be excluded from the average FTEs?
• In the webinar, it was stated that one of the baseline periods for the FTE Reduction Factor is February 15 through June 30, 2019.
• If we did not lower payroll costs or number of employees, do we need to calculate FTE?
• If a company lost a contract in March/April 2020 and the employees working on the contract transferred over to the new company that took over the contract,
• We have not done any payroll reductions so far but are now contemplating a possible reduction through year-end.
• Do I calculate FTE by taking the total hours worked across the entire Covered Period and dividing by the number of weeks? Or do I use only the last week of the period? Or something else?
• Using the reference period January 1 to February 29 to calculate FTE, I have one employee on payroll for only one week within this period. Do I count this individual as FTE?
• We have employees who were part-time before, during and remained so after our Covered Period. Will that create a deduction in forgiveness because they are working less than 40 hours?
• We have been paying all of our employees, whether they are working or not. Are we able to designate employees as full time even if we aren’t entering their time as hours worked?
• We already repaid $2 million of our PPP loan. Now it appears that our forgiveness will calculate to about $300,000 more than we still have outstanding.