On the PPP application, Racine Auto Dealer LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Racine Auto Dealer LLC in Mount Pleasant, WIįor Racine Auto Dealer, LLC, the calculation used to estimate payroll costs is shown below:īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above). In order to qualify for the PPP loan amount received, Racine Auto Dealer LLC's 2019 payroll expenses are estimated to be at least $3.22M.īased on their reported 43 jobs retained, this equals an estimated average yearly compensation of $74,896 per employee 1 Reported PPP Proceed Usage: Please Note: Information on estimated payroll and compensation based on PPP rules is provided for informational purposes only.īased on the standard PPP eligibility formula, it may be possible to estimate the payroll expenses represented by a company on their PPP application (see details above).
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Additionally, because this standard calculation is based on the maximum loan eligibility, it will under-estimate payroll costs if the business did not apply for the full amount of loan to which it was entitled based on its 2019 payroll expenses and other variables described above. Toyota Scion New Car Dealership, Used Car Dealer, Sales, Service, Selection, Savings on Toyotas, Research, Reviews, Prices, Auto Parts & Finance.Your vehicle deserves expert care from the people who know it better than anyone else. Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. Frank Boucher Cadillac of Racine Certified Service.This estimation assumes that the PPP recipient applied for the full amount for which they were eligible, and no other variables affected the loan amount received. Want the best car buying experience in Mount Pleasant, Wisconsin Reach Racine Hyundai at 13313 Washington Ave Mount Pleasant, WI 53177. Situations may exist in which it may not be accurate to estimate a PPP recipient's payroll expenses based on the amount of PPP loan received. We Have A Wide Assortment Of New And Used Auto At GENESIS OF RACINE Located At 13313 WASHINGTON AVE Mount Pleasant, WI 53177. SES - Senior Executive Service Pay Calculatorįor Racine Auto Dealer LLC, the calculation used to estimate payroll costs is shown below: Zeigler Hyundai of Racine is also by your side whenever you need any car service and repair work done in Mount Pleasant, near Racine.
FWS - Federal Wage System Pay Calculator.