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"Hey everyone, it's jj the cpa. The PPP2 application is out for employers. The calculation is the same as PPP1, but now you can choose the higher of your payroll costs from 2019 or 2020. This includes payroll, health insurance, retirement plan contributions, state unemployment taxes, and more. The same rules for what counts as payroll costs apply for forgiveness. Stay warm and remember there's no mystery here, just calculate your costs for 2019 or 2020."