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Anonymous
Asked a question 2 years ago

"(3) REDUCTION RELATING TO SALARY AND 3 WAGES.— 4 (A) IN GENERAL.—The amount of loan orgiveness under this section shall be reduced by the amount of any reduction in total salary or wages of any employee described in subparagraph (B) during the covered period that is in excess of 25 percent of the total salary or wages of the employee during the most recent full quarter during which the employee was employed before the covered period. 13 (B) EMPLOYEES DESCRIBED.—An employee described in this subparagraph is any employee who did not receive, during any single pay period during 2019, wages or salary at an annualized rate of pay in an amount more than 18 $100,000. " I am taking this to mean that any employee that made over 100K last year can have their salary reduced by more than 25% without loan forgiveness consequences - can anyone advise?

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ami kassar
CEO Multifunding LLC and author of The Growth Dilemma

That is still a bit unclear as for the language. I cannot say with confidence that your statement is true/false without added guidance from SBA