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Yes, an employer can legally reduce your pay, but there are specific conditions and legal requirements they must follow. An employer can reduce an employee′s wages without violating any law. However, an employer subject to the Missouri Minimum Wage Law or the Federal Fair Labor Deductions from the salary or pay of such employees will not result in loss of the exemption. 5. Can an employer reduce the leave of a salaried exempt employee?

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You can lower the payment by extending the term. If you have high interest you might be able to get that down but that all is determined by