On the PPP application, The Underpass Restaurant & Lounge Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - The Underpass Restaurant & Lounge Inc in Franklin Park, ILįor The Underpass Restaurant & Lounge, Inc, 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). In order to qualify for the PPP loan amount received, The Underpass Restaurant & Lounge Inc's 2019 payroll expenses are estimated to be at least $370,133.īased on their reported 10 jobs retained, this equals an estimated average yearly compensation of $37,013 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). 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. SES - Senior Executive Service Pay Calculatorįor The Underpass Restaurant & Lounge Inc, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.Rock out with Out For Hours and then freak out to the killer fireworks show that immediately follows! More information Fundraiser for the Ryan Womack Scholarship Fund. Private Event for Katten Muchin Rosenman LLP Other bands playing include Energy Commission, North of 8, Tanks and Gun, and Matthew Kysia Out For Hours is opening up for national acts: Out For Hours are firm supporters and eaters of locally grown organic farm produce! Come git some and enjoy an OFH acoustic set! Shamrockin for a Cure!Īll proceeds to help Cystic Fibrosis Foundation. LLS is making cures happen by providing patient support services, advocacy for lifesaving treatments and the most promising cancer research anywhere. The Leukemia & Lymphoma Society’s Light The Night Walk funds treatments that are saving the lives of patients today. With Cardinal Harbor, Local Motive, Kevin Daniels & Friends, and Cody Ryan Please click the link and we’ll get your tickets out to you right away. Shoeshine Boy Productions Anniversary Show! Beer festival benefiting Cystic Fibrosis Foundation Cheers and Beers for Ears – Benefit (public) Beer tasting of 20 of Chicagoland’s finest brewers supporting the Cystic Fibrosis Foundation. with Zorila, Ignited & Butterfly In Traffic Enhancing the quality of life for kids with GAN, and funding groundbreaking GAN research! Singer/Songwriter showcase w/ Matt Scharpf, Victoria Storm, and Chris & Frankie of OFH.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |