PRISM MARITIME FULL

In order to qualify for the PPP loan amount received, Prism Maritime, LLC's 2019 payroll expenses are estimated to be at least $20.73M. 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).

PRISM MARITIME FULL

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. Prism Maritime’s impressive track record in the City of Chesapeake is a testament to Virginia’s favorable business environment and the region’s robust talent pool, enhanced by those of the 15,000 men and women exiting the military annually in Hampton Roads who then join the workforce, said Secretary of Commerce and Trade Brian Ball.Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs.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. 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.

SES - Senior Executive Service Pay Calculatorįor Prism Maritime, LLC, the calculation used to estimate payroll costs is shown below:.

This type of Plan generally establishes an account for each individual Participant. FWS - Federal Wage System Pay Calculator PRISM MARITIME, LLC RETIREMENT TRUST is a DEFINED CONTRIBUTION PLAN.

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