In order to qualify for the PPP loan amount received, Macioci Garage Inc's 2019 payroll expenses are estimated to be at least $193,920. On the PPP application, Macioci Garage Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Macioci Garage Inc in Lancaster, OHīased 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). Find all the information for MacIoci Garage Inc on MerchantCircle. In order to qualify for the PPP loan amount received, Macioci Garage Inc's 2019 payroll expenses are estimated to be at least $192,250.īased on their reported 5 jobs retained, this equals an estimated average yearly compensation of $38,450 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). 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.If you have questions or want to know prices, offers, discounts for automotive repair in Lancaster, OH, feel free to contact Paul Kidder at (740) 654-1451 or visit Macioci Garage Inc office. Because salaries for PPP eligibility purposes are capped at $100k, businesses with highly-compensated employees will yield an under-estimation of actual payroll costs. Online listing for Macioci Garage Inc (General Automotive Repair) located in 300 S Broad St, Lancaster, OH, 43130, Fairfield county.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. Get the latest business insights from Dun & Bradstreet. 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. Find company research, competitor information, contact details & financial data for Macioci Garage Inc of Lancaster, OH. SES - Senior Executive Service Pay Calculatorįor Macioci Garage Inc, the calculation used to estimate payroll costs is shown below:.The Registered Agent on file for this company is Paul S Kidder and is located at 115 S Baker Ave, Lancaster, OH 43130. The company's filing status is listed as Active and its File Number is 715666. FWS - Federal Wage System Pay Calculator is an Ohio Corporation For-Profit filed On January 5, 1988.
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