I have read both "full time employees", and "FTE's" are used in the PPP forgiveness calculation.

The vast preponderance of information, and IMHO the best sources of information state FTE is the standard used for the calculation.

I would like to know:

1. if the majority of Forum readers agree - are FTE's the correct standard to use to calculate the PPP loan forgiveness?

2. if FTE's are used, and we use a standard of 30 hours for offering full time benefits, do you agree we would use the same 30 hour standard?

3. if the 30 hour standard is appropriate, we have 4 part time people who work 22 hours per week, would we include 2 FTE in calculations?

My thought is FTE's is the proper way to calculate PPP forgiveness; and in the above case, 2 FTE's included in the calculation is correct.

It is either 1 or 0.

I do like to check my understanding.......

thank you,

Joe Harper

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Joseph Harper CPA, CCIFP

CFO

Greater Dayton Construction Group

Beavercreek OH

(740) 607-1449

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