Q & A Spot Quiz TEAM SHEN

Q & A Spot Quiz

Multiple Choice

1. Are we able to accept payroll reports that are not in PDF format but in Excel where "things" can be changed?

• YES

• NO

​Source/Reference

Multiple Choice

2. Can we use Gas for SUPPLIER as Non payroll Costs reference?

• YES

• NO

​Source/Reference

Multiple Choice

3. Is Limited Liability Partnership a Partnership?

• YES

• NO

​Source/Reference

Multiple Choice

4. Can we accept the Lease Agreement if it is addressed to the owners not the Business? The address indicated on the documentation is same with the one certified on the application.

• YES

• NO

​Source/Reference

Multiple Choice

5. Is the employer paid health benefits and retirement included in Third party payroll Document acceptable as a stand alone document with no proof of payment ?

• YES

• NO

​Source/Reference

Multiple Choice

6. Where would an Invoice for a portable toilet go for a construction company belongs to?

• Utility

• Operational Expenditures

• Supplier Cost

• Worker Protection Cost

​Source/Reference

Multiple Choice

7. Is payment receipt acceptable as proof of payment?

• As long as there is an invoice provided

• Even without an invoice provided

• They should provide Bank Statement and Checks Only

• None of the above

​Source/Reference

Multiple Choice

8. Which of the following is not considered as a Third-Party Payroll Provider?

• PAYCHEX

• ADP

• PAYLOCITY

• APPLIED UNDERWRITERS

• NONE OF THE ABOVE

​Source/Reference

Multiple Choice

9. If the borrower requested to apply a loan in excess of more than $2M, where do we route the application ?

• Simplified Forgive Review - All

• Standard Forgive Process - All

• Specialized Forgive Process -All

• Manual Forgive Review - All

​Source/Reference

​PPP Forgiveness Review Procedure Page 7

Fill in the Blanks

10. This is a term that includes Cash Compensation, State & Local payroll taxes, Non-cash Healthcare and Non-cash Retirement.

​PPP Forgiveness Review Procedure Page 45

​Source/Reference

​THANK YOU FOR YOUR ACTIVE PARTICIPATION !