SEE ? I rest my case.
as it relates to my already confused inquires, does' t this seem to contradict what I thought I just learned. ?
this is from the PPP instructions for borrowers.
I have italicized and underlined my points.
What counts as payroll costs? Payroll costs include:
Salary, wages, commissions, or tips (capped at $100,000 on an annualized basis for each employee);
Employee benefits including costs for vacation, parental, family, medical, or sick leave; allowance for separation or dismissal; payments required for the provisions of group health care benefits including insurance premiums; and payment of any retirement benefit;
State and local taxes assessed on compensation; and
For a sole proprietor or independent contractor: wages, commissions, income, or net earnings from self-employment, capped at $100,000 on an annualized basis for each employee.
so that last one would be for me, right? NOT my employees. unlesss they wanted to file for PPP themselves. is the right?
