Find the sum of all your Monthly Payroll Costs in the given period and divide that sum by the number of months in the lookback period to determine the Average Monthly Payroll Cost eg. Subtract that amount from the payroll costs. The 3 Steps to Calculating Payroll Costs.
Multiply 833333 by 25 to find your Loan Request amount totaling 2083333.
How we calculate your average monthly payroll costs Overview. Subtract that amount from the payroll costs. Once you have the total amount from all of those above-listed items you want to take that number and divide it by 12this gives you your average monthly payroll costs. Ensure you are correctly calculating monthly payroll expense x 25 to arrive at your requested loan amount.