The companys filing status is listed as Active and its File Number is 578806. LLC reported intending to use the proceeds of their PPP loan for the following expenses:īusiness Information - Iphix I.t. LLC is an Iowa Domestic Limited-Liability Company filed on August 2, 2018. LLC's 2019 payroll expenses are estimated to be at least $10,570.īased on their reported 2 jobs retained, this equals an estimated average yearly compensation of $5,285 per employee 1 Reported PPP Proceed Usage: In order to qualify for the PPP loan amount received, Iphix I.t. Wapello County’s Freedom Rock honors Tuskegee Airmen and Gold Star families. 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). Ottumwa is home to one of the 99 Freedom Rocks, an art project honoring Iowa veterans. 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. Buy the Mastercard Gift Card accepted at Sinaloa Auto Sales and any other independent business that accepts Mastercard in Ottumwa, IA.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. ![]() LLC, the calculation used to estimate payroll costs is shown below: SES - Senior Executive Service Pay Calculatorįor Iphix I.t.FWS - Federal Wage System Pay Calculator.
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