What if some employees have salary over $100,000?
The PPP salary cap of $100,000 will provide for up to that
amount for employees. While the PPP will not provide funds for the difference,
all employees regardless of salary above 100,000 are eligible to be counted in
Total paid compensation $125,000
$100,000 covered by PPP$25,000 uncovered remainder
Do I count contractors in my payroll?
No, contractors or other 1099 workers do not count toward the payroll of your business. 1099 workers can apply for PPP independently