Ppp Schedule A Worksheet Average Fte

Ppp schedule a ppp worksheet table 1.

Ppp schedule a worksheet average fte. Using the above instructions on calculating ftes, you will have the data to support these tables. Divide the amount on line 1 by 0.75, and enter the amount. Enter the ppp loan amount.

If the entry for step 2 is greater than step 1, proceed to step 4. • if the total fte for the pay period inclusive of 2/15/20 is greater than the average fte between 2/15/20 and 4/26/20, complete the fte safe harbor calculation per the instructions Enter the total from box 3 (salary/hourly wage reduction) from the ppp schedule a worksheet.

Enter average fte (box 2) from ppp schedule a worksheet, table 1; For simplicity, you can choose to use 1.0 for anyone who works 40 hours or more, and 0.5 for anyone else. Employee #1, 40 hours per week:

Enter the borrower’s total average fte between february 15, 2020 and april 26, 2020. Enter the number from ppp schedule a, line 13. Once a loan is secured, the next step for many of them will be to determine how to qualify for loan forgiveness.

Enter average fte (box 2) from ppp schedule a worksheet, table 1: Now we can proceed to schedule a on page 6. Sum across all employees and enter:

Sum across all employees and enter: Total fte on june 30. The borrower is able to choose the base period that is most beneficial;