"Have employees but did not reduce their wages by more than 25%, did not reduce employee numbers, and did not cut employee hours OR have employees but did not reduce wages by more than 25% and could not operate as normal as a result of reduced business activity due to COVID-19 health guidance compliance".
No one is over $100,000. What does reduce wages by more than 25% for hourly employees? Is that the annualized amount earned during the covered period as compared to the lookback period?