1. Short title This Act may be cited as the Rewarding American Workers Act of 2020 . 2. Payroll credit for bonuses paid to employees who worked continuously during the COVID-19 pandemic (a) In general In the case of an employer, there shall be allowed as a credit against applicable employment taxes for the calendar quarter which includes the last day of the covered period an amount equal to 100 percent of the qualified bonuses paid to eligible employees of such employer during such calendar quarter. (b) Qualified bonus For the purposes of this section— (1) In general The term qualified bonus means, with respect to any eligible employee of any employer, a supplemental wage (within the meaning of the rules and regulations under section 3402) equal to— (A) in the case of an eligible employee whose annualized covered period wages do not exceed $55,000, an amount equal to the applicable percentage of the wages (as defined in section 3401) paid by such employer to such employee during the covered period, and (B) in the case of an eligible employee whose annualized covered period wages exceed $55,000 but do not exceed $99,000, $600. (2) Applicable percentage The term applicable percentage means, with respect to any eligible employee of any employer, 30 percent reduced (but not below zero) by 0.1 percent for each $100 that the such employee’s annualized covered period wages exceeds $30,000. (3) Annualized covered period wages The term annualized covered period wages means, with respect to any eligible employee of any employer, the amount of wages (as defined in section 3401 and determined without regard to any qualified bonuses) which would have been paid to such employee by such employer during a 365-day period if such employee were paid at the same rate during all of such period as such employee was paid during the covered period. (c) Eligible employee For purposes of this section, the term eligible employee means, with respect to any employer, any employee if— (1) such employee had taxes withheld by such employer