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Question 5 of 6. What advice should be given employers about the rules for the Employee Retention Credit? O The Employee Retention Credit cannot be
Question 5 of 6. What advice should be given employers about the rules for the Employee Retention Credit? O The Employee Retention Credit cannot be used by anyone who received an Economic Injury Disaster Loan. The Employee Retention Credit may be used in conjunction with the Paycheck Protection Program The Employee Retention Credit is a nonrefundable tax credit O While it is possible to benefit from both the credit for Paid Leave and the Employee Retention Credit the same wages cannot be used for both. Mark for follow up Question 6 of 6. Scott owns a small business and has several employees he would like to continue to pay. What is TRUE about the Employee Retention Credit and the Paycheck Protection Program O Scott cannot claim the Employee Retention Credit if he has received a loan under the Paycheck Protection Program. O Scott can daim the Employee Retention Credit and receive the loan under the Paycheck Protection Program as long as he does not apply have the loan forgiven. O Scott may be able to benefit from both the Employee Retention Credit and Paycheck Protection Program loan forgiveness O The Employee Retention Credit amount cannot exceed the Paycheck Protection Program loan if Scott would like to have the loan forgiven Mark for follow up Back Save / Return Later Summary
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