Payroll costs including salary,
wages, and tips, up to $100,000 of
annualized pay per employee (for eight
weeks, a maximum of $15,385 per
individual),
https://home.treasury.gov/system/files/136/Interim-Final-Rule-Additional-Eligibility-Criteria-and-Requirements-for-Certain-Pledges-of-Loans.pdf?fbclid=IwAR35Rl3xCA7M43VREb9JKgeq4_UHYTgt79kjC6_5pF_c9vUrEOFi6Eb_Chk
Thanks for finding that -- very interesting. The next paragraph says:
ii. owner compensation replacement,
calculated based on 2019 net profit as
described in Paragraph 1.b. above, with
forgiveness of such amounts limited to
eight weeks’ worth (8/52) of 2019 net
profit, but excluding any qualified sick
leave equivalent amount for which a
credit is claimed under section 7002 of
the Families First Coronavirus Response
Act (FFCRA) (Pub. L. 116–127) or
qualified family leave equivalent
amount for which a credit is claimed
under section 7004 of FFCRA;
How does this part even work? Do I pay myself a draw during these 8 weeks and call it owner compensation replacement?