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For more information, access the full Aug Forgiveness reductions for reductions in employee salary or hourly wage: SBA previously established that unless certain safe harbors were met, “if the salary or hourly wage of a covered employee is reduced by more than 25% during the Covered Period or the Alternative Payroll Covered Period, the portion in excess of 25% reduces the eligible forgiveness amount.” The FAQ provides three thorough examples for determining these reductions, and also notes that for purposes...

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