Yes. The CARES Act defines the term “payroll costs” broadly to include compensation
in the form of salary, wages, commissions, or similar compensation. If a borrower pays
furloughed employees their salary, wages, or commissions during the covered period,
those payments are eligible for forgiveness as long as they do not exceed an annual salary
of $100,000, as prorated for the period during which the payments are made or the
obligation to make the payments is incurred.