In order to qualify for the PPP loan amount received, Cactus Music LLC's 2019 payroll expenses are estimated to be at least $245,760. The Cactus pedigree stretches back to 1933. We also specialize in offering a place for local musicians, artists, designers to showcase and sell their goods. We offer a unique shopping experience with free live music and free beverage service from Houston's oldest craft beer maker Saint Arnold. 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). Specialties: Houston's oldest independent music store with over 30 years service. 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.We’re back with episode 3 of The Drop live from Cactus Music with Ruben Dominguez and Quinn Bishop. 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. 2110 Portsmouth, Houston, TX 77098 (713) 526 - 9272. 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. Instead of dying off like all music stores were supposed to, this store gave. SES - Senior Executive Service Pay Calculatorįor Cactus Music LLC, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |