April 6, 2020 - NFP CARES Act Webinar CARES Act Webinar - NFP - Final | Page 13

PAYCHECK PROTECTION PROGRAM (PPP)
“PAYROLL COSTS” MEANS:
Compensation payments to employees (salary, wage,
commission, or similar compensation; payment of cash tip
or equivalent; payment for vacation, parental, family,
medical, or sick leave; allowance for dismissal or
separation;
Payment of state or local tax assessed on the
compensation of employees;
Payment of any retirement benefit;
Payment required for group health care benefits, including
insurance premiums);
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