• For most corporations and nonprofits, "payroll costs" include gross wages & tips, employer-paid health insurance & retirement contributions, and some employment taxes
• For self-employed individuals & sole proprietorships, PPP amount is based on Schedule C (either gross income or net profit depending on situation, plus gross wages, etc if there are other employees besides the owner)
• In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes
• For new businesses that were not in operation in 2019, alternative reference periods are available

Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

For Allied Gem Appraisers LTD, the calculation used to estimate payroll costs is shown below:

Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.

• Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.
• Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.

• For most corporations and nonprofits, "payroll costs" include gross wages & tips, employer-paid health insurance & retirement contributions, and some employment taxes
• For self-employed individuals & sole proprietorships, PPP amount is based on Schedule C (either gross income or net profit depending on situation, plus gross wages, etc if there are other employees besides the owner)
• In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes
• For new businesses that were not in operation in 2019, alternative reference periods are available

Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

For Allied Gem Appraisers LTD, the calculation used to estimate payroll costs is shown below:

Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.

• Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.
• Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.

• For most corporations and nonprofits, "payroll costs" include gross wages & tips, employer-paid health insurance & retirement contributions, and some employment taxes
• For self-employed individuals & sole proprietorships, PPP amount is based on Schedule C (either gross income or net profit depending on situation, plus gross wages, etc if there are other employees besides the owner)
• In all cases, salaries or net earnings over $100k are capped at $100k for PPP calculation purposes
• For new businesses that were not in operation in 2019, alternative reference periods are available

Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.

For Allied Gem Appraisers LTD, the calculation used to estimate payroll costs is shown below:

Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received.

• Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.
• Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above.

Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.