Ppp Schedule A Worksheet Average Fte
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How to Calculate FTE Calculator, Full time equivalent
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Enter average fte (box 2) from ppp schedule a worksheet, table 2:
Ppp schedule a worksheet average fte. Instructions for ppp schedule a worksheet. Using the above instructions on calculating ftes, you will have the data to support these tables. Enter average fte (box 5) from ppp schedule a worksheet, table 2:
Total fte on june 30. Enter the borrower’s total average fte between february 15, 2020 and april 26, 2020. The average fte calculation divides the average number of hours average number of hours paid to an employee each week by 40 and rounds to the nearest tenth:
If you paid all of your employees at least 75% of their average salary or hourly wage, check the box and enter zero on line 3. This ratio is referred to as the fte reduction quotient. A numerical calculation for determining employee headcount;
For simplicity, you can choose to use 1.0 for anyone who works 40 hours or more, and 0.5 for anyone else. So, in that scenario, your fte calculations might look like this: To calculate a borrower’s average fte during the covered period (or during the alternative payroll covered period), a borrower must enter the average number of hours paid per week for each employee, divide by 40, and round the total to the nearest tenth.
Enter the total from box 3 (salary/hourly wage reduction) from the ppp schedule a worksheet. Sum across all employees and enter: Supporting ppp schedule a worksheet “fte reduction safe harbor 2” relating to the borrower’s original ppp loan application.
Enter the amount on line 6 multiplied by the amount on line 7. All of these are in the loan forgiveness application form packet. Enter the borrower’s total average fte between february 15, 2020 and april 26, 2020.
