July 23, 2020
Many of my employees have earned a bonus beyond their salaries during the Covered Period. Can I pay those?
Posted by Armanino Financial Advisory Team
Yes. Any regular payments of wages, commissions, or bonuses can be included and may be forgiven up to the $100,000 per person annualized limit prorated for the length of your Covered Period, meaning maximum pay during the Covered Period is either $15,385 or $46,154 per person depending on the chosen time frame.