Examples of Annual payroll in a sentence
Basis of Termination may be failure to adhere to the terms & conditions stipulated in the order as well as in the Agreement.
Example 1 – No employees make more than $100,000 Annual payroll: $120,000 Average monthly payroll: $10,000 Multiply by 2.5 = $25,000 Maximum loan amount is $25,000 ii.
Annual payroll: $120,000 Average monthly payroll: $10,000 Multiply by 2.5 = $25,000Add EIDL loan of $10,000 = $35,000 Maximum loan amount is $35,000iv.
Example 2 – Some employees make more than $100,000 Annual payroll: $1,500,000 Subtract compensation amounts in excess of an annual salary of $100,000: $1,200,000 Average monthly qualifying payroll: $100,000 Multiply by 2.5 = $250,000 Maximim loan amount is $250,000 iii.
Annual payroll of not less than $100,000 or more than one million ($1,000,000),C.