![]() Under the leadership of the Municipal Government and the Municipal State-owned Assets Supervision and Administration Commission, with the support of relevant committees and bureaus and all sectors of society, BIIC takes Xi Jinping Thought on Socialism with Chinese Characteristics for a New Era as the guide, orderly implements the construction of "two new and one heavy", strengthens the construction of the "four centers" function, improves the level of "four services", focuses on the company's main business, and provides all-round, whole-process and full-life cycle services for urban rail transit. (hereinafter referred to as "BIIC "), founded in 2003, is a state-owned enterprise solely invested by the State-owned Assets Supervision and Administration Commission of the People's Government of Beijing Municipality, which undertakes the infrastructure investment and financing and management functions mainly for rail transit, and has "five major business sectors" of rail transit investment and financing, construction management, operation services, land development and operation along the route, and equipment manufacturing. In order to qualify for the PPP loan amount received, MTR Construction, Inc's 2019 payroll expenses are estimated to be at least $294,883.Beijing Infrastructure Investment Co., Ltd. On the PPP application, MTR Construction Inc reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - MTR Construction Inc in Los Alamitos, CAįor MTR Construction, Inc, the calculation used to estimate payroll costs is shown below: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). In order to qualify for the PPP loan amount received, MTR Construction Inc's 2019 payroll expenses are estimated to be at least $246,888.īased on their reported 7 jobs retained, this equals an estimated average yearly compensation of $35,270 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.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 MTR Construction Inc, the calculation used to estimate payroll costs is shown below:.FWS - Federal Wage System Pay Calculator. ![]()
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