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  3. 1/ what is the purpose of the cares act? how much

1/ What is the purpose of the CARES Act? How much is it expected to...

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Accounting

1/ What is the purpose of the CARES Act? How much is it expected to cost?
2/ Summarize the changes to the Net Operating Loss (NOL) amendments. Are the changes permanent?
3/ Summarize the changes to the Corporate Minimum Tax Credit amendments. Are the changes permanent?
4/ ummarize the Business Interest Expense Election.
5/ Summarize the Paycheck Protection Program (PPP). When did a company have to pay back the funds? Was the program limited to a particular-sized business?
6/ Research the level of fraud that occurred in the CARES Act. How will the government audit if the business meets the requirements?
7/ What is your opinion of the CARES Act, and did it meet the purpose?

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