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Posted on 4/22/20 at 2:42 pm to LSUFanHouston
quote:
You can pay a different person. Otherwise, forgiveness would be tough.
I'm not sure this is correct. The language I'm looking at says "for any employee who did not earn during any period in 2019 wages at an annualized rate more than $100,000, the amount of any reduction in wages that is greater than 25% compared to their most recent full quarter."
I have been under the assumption that any employee that was employed in 2019 needs to be paid atleast 75% of their 2020 first quarter wages otherwise the forgiveness is reduced dollar for dollar. The question then becomes what to do with the employees who worked in 2019, but quit for some other reason other then COVID?
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