Originally Posted by
Itsajob
They earned 100 hours credit generating massive amounts of revenue for the company. That is a completely different scenario than paying all of your employees full time wages for part time work, while generating almost zero revenue. The more money a company burns in this environment, the closer it gets to chapter 11.
you are correct but effectively the government is paying 100% of the salary so the company isn’t burning anything in terms of salary. 75% of last years pay will cover minimums considering last year 100 hours was easy credit. Period. End of story. Now the company is trying to figure out how to pay other overhead and they are hoping to the can have some left over cares money after they pay everyone to use for other things. Not “legal” but with some simple accounting tricks it’s very easy to do