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In order to qualify for the PPP loan amount received, Be Dance With MS. Reggy, LLC, the calculation used to estimate payroll costs is shown below:īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). Reggy LLC in Smyrna, GAįor Be Dance With MS. Reggy LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Be Dance With MS. On the PPP application, Be Dance With MS. Reggy LLC's 2019 payroll expenses are estimated to be at least $54,922.īased on their reported 6 jobs retained, this equals an estimated average yearly compensation of $9,154 per employee 1 Reported PPP Proceed Usage:

Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above).

#BE DANCE WITH MS REGGY FULL#

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.

Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.

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. 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. Reggy LLC, the calculation used to estimate payroll costs is shown below:

SES - Senior Executive Service Pay Calculatorįor Be Dance With MS.

FWS - Federal Wage System Pay Calculator.