The employee retention credit act as modified as modified by the consolidated appropriations act of 2021is

a.) Based on qualified wages . For companies that average 500 or more employees, qualified wages are defined as all wages paid through December 31, 2022

b.) only allowed when both wages and healthcare benefits are being paid.

c.) Available to employers who experienced a decline in gross revenue of at least 20% when comparing 2021 to the same quarter of 2020.

d.) A refundable tax credit equal to 70% of the first $10,000 per quarter paid to qualified employees from January 1, 2021 to June 30, 2021.