July 23, 2020
Is it okay to pay an employee $15,385 for one week and nothing for the remaining Covered Period, or do you have to pay $1,923 each week?
Posted by Armanino Financial Advisory Team
Aside from possible employee relations issues this may cause, this is allowable. You could pay them $15,385 every week if you want — you would just be limited in your forgiveness claim to $15,385 once, assuming you are using an eight-week Covered Period.