Answered step by step
Verified Expert Solution
Link Copied!

Question

...
1 Approved Answer

According to the following topic and paragraph. Analysis, not just description. Extend the content. You should have at least one primary source in this paper,

According to the following topic and paragraph. Analysis, not just description. Extend the content. You should have at least one primary source in this paper, which is the statute, regulation, or pending legislation from its original source (i.e., the U.S. Code, Federal Regulations, etc.).You should have at least two other sources, whether primary or secondary. Thanks:)

The impasse relates to the paycheck protection program in which the employer had written an offer to the employee whin had been earlier laid off following the onset of the covid-19 pandemic. Where the employer has offered to rehire and pay the employee the original paycheck amount, the act has not sufficiently addressed what should happen in such a case as to. whether the employer will have his loan forgiveness amount reduced since the premise upon which the act was crafted was to offer job security to the employees amid the ravaging covid-19 pandemic.

The CARES Act mean(Covid Aid Relief and Economic Security Act) was intentionally established to cushion the employees and employers of the adverse effects of a covid-19 pandemic. It is under this understanding that small businesses sought the treatment of the loan forgiveness credit allowed to employers who refused to return to work despite the employer having exhausted all available means to have the employee return to work. The treasury is yet to respond to the treatment that will be applicable with regards to the PPP loan program. If the loan forgiveness amount shall not be pegged on the number of operational employees, the employers will highly benefit from increased liquidity.

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Business Law And Its Environment

Authors: Richard Schaffer, Filiberto Agusti, Lucien J. Dhooge

10th Edition

9781305972599

Students also viewed these Law questions

Question

Matide chace 56:090000 51513000 Sir eco ,oon

Answered: 1 week ago