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What counts as “payroll costs?”

1. Salaries (up to $100,000 for any employee), wages, commissions or similar compensation,
   cash tips or equivalent, paid vacations, paid sick, parental and family medical leave
2. Allowance for dismissal or separation
3. Group health costs including insurance premiums
4. Retirement benefits
5. State and local payroll taxes

Any amounts that an eligible borrower has paid to an independent contractor or sole proprietor should be
excluded from the eligible business’s payroll costs. However, an independent contractor or sole proprietor
will itself be eligible for a loan under the PPP, if it satisfies the applicable requirements.