What are the ERC credits Per Employee Maximum Credit?

paulwatkins

How can we determine the ERC credits per employee maximum credits?

Jackson

The ERC credits are calculated using the employee's total eligible salary, which also includes employer-paid health plan expenses. In 2020 and 2021, the ERC is equal to 50% and 70% of the qualified salaries, respectively. With a cap of $10,000 every quarter, the 2021 maximum credit amount is for that year.
We were severely impacted by COVID-19, therefore one tool you can use to keep your business on track is the ERC. Keep looking for additional aid programs like the Paycheck Protection Program or the Economic Injury Disaster Loan.
Therefore, an employee may receive benefits calculating up to $10,000 throughout the entire calendar year. As a result, each employee will receive a maximum credit for qualified earnings of $5,000.