For each individual employee, the total amount of cash compensation eligible for forgiveness may not exceed an annual salary of $100,000, as prorated for the Covered Period.
To calculate the prorated cash compensation costs paid during the Covered Period for all employees who received cash compensation that was greater than an annualized rate of $100,000 in 2019:

 A) Determine the prorated compensation cap for these employees based on your Covered Period duration – divid the number of weeks in your Covered Period by 52, and multiply that number by $100,000.
 For example, for an 8week Covered Period, that total is $15,385 (8/52 x $100,000).
 For a 24week Covered Period, that total is $46,154 (24/52 x $100,000).
 B) Determine the total number of employees whose salaries exceeded $100,000 in 2019. Do not include employees who were not employed by you at any point in 2019.
 A) Determine the prorated compensation cap for these employees based on your Covered Period duration – divid the number of weeks in your Covered Period by 52, and multiply that number by $100,000.

 C) Multiply the prorated compensation cap (“A”) by the number of employees over $100,000 ("B") to get the total prorated employee cash compensation costs for employees who received cash compensation greater than an annualized rate of $100,000 in 2019
 For example, if you are using a 24week Covered Period and have three employees who received cash compensation greater than $100,000 in 2019, your total prorated cash compensation for those employees during this period would be $138,462 ($46,154 x 3).
 C) Multiply the prorated compensation cap (“A”) by the number of employees over $100,000 ("B") to get the total prorated employee cash compensation costs for employees who received cash compensation greater than an annualized rate of $100,000 in 2019