Forgiveness Reduction Factors & Salary Reduction Calculation

• How do I figure out if an employee made more than $100,000 in any one pay period in 2019?
• If I cut people’s pay by less than 25%, does that count as a wage reduction?
• Which employees do I put on Table 1 and which employees do I put on Table 2 of the PPP Schedule A worksheet?
• I cut people’s pay by 30%. Do I have to take the entire 30% as my salary reduction calculation?
• How do I count overtime or bonus pay in the Salary Reduction Factor calculation?
• Which periods do I compare for purposes of the Salary Reduction Factor calculation?
• I’m confused about the salary reduction calculation. We cut pay 40% starting May 1, but if we restore those cuts before December 31, are we okay?
• Does the Salary Reduction Factor only include 2019 employees, or do we also have to include employees hired in 2020 in the calculation?
• Is the Salary Reduction Factor based on the average salary for all employees or is it calculated for each employee?
• If we lay off an employee during the Covered Period, does that count as a Salary Reduction too?
• If employees are paid hourly, is the reduction based on their hourly rate?
• What if my company started on January 1, 2020? I won’t have payroll info for 2019.
• For Salary/Wage Safe Harbor,
• Does the shift to 24 weeks change how we account for the Salary/Wage Reduction Factor?
• To confirm, if we had a $200,000 officer who took a 50% reduction in pay, his reduction will be $25,000?
• When calculating FTE, we do not use overtime hours, as I understand it, but do we use overtime dollars when calculating the reduction in payroll?
• I thought compensation was capped at $100,000, not excluded completely. What am I missing?
• Does a wage reduction in excess of 25% for hourly employees mean the hourly wage is increased by more than 25%?
• We are a licensed childcare program which has been required by various government agencies to severely limit our enrollment.
• We know that employees who receive legitimate offers of employment and choose not to return do not count against the employer’s FTE count,
• Why do we need to enter the payroll from January 1, 2019 to the Covered Period, if the baseline we chose is January 1, 2020 to February 29, 2020? What is the relevance of the extra data?
• We have a commission-only employee (no hourly wage or salary) who earned considerably less during the eight-week Covered Period than during the first quarter of 2020.
• If we fired an employee during the loan period, but replaced them, do we have to take a salary reduction penalty for the employees we let go, even though our employee count remained constant?
• When looking at Step 1 of the Instructions for the PPP Schedule A Worksheet to determine if pay was reduced more than 25%, both line A and line B say to enter the hourly wage during Covered Period.
• One of our payroll cycles included a special one-off payment for an employee. Does that one week’s pay have to be considered in whether to put that employee in the over $100,000 earnings category?
• Is it correct to say that the wage and salary reduction factor is not applicable if you have furloughed or reduced days for employees, so long as you have NOT reduced wage rates or salary rates?