Paycheck Protection Program (PPP) FTE Calculator
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Paycheck Protection Program (PPP) FTE Calculator

6 days ago · 59.1 KB Download

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To apply for forgiveness of a Paycheck Protection Program (PPP) loan under the Coronavirus, Aid, Relief, and Economic Security (CARES) Act, borrowers will be asked for a count of their full-time equivalent (FTE) employees. This calculator will assist in calculating the FTEs under 2 options:

  1. Calculate the average hours per week for each employee, divide by 40 and round to the nearest tenth decimal place. Each employee will be capped at 1 FTE.

  2. Simplified method: All employees with 40 or

Download the PPP FTE Calculator

File name: ppp-fte-calculator.xlsx

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Topics

COVID-19

Subtopics

CARES Act
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