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Per diem (Latin for "per day" or "for each day") or daily allowance is a specific amount of money that an organization gives an individual, typically an employee, per day to cover living expenses when travelling on the employer's business. A per diem payment can cover part or all of the expenses incurred. For example, it may include an ...
Travel and subsistence expenses describe the cost of spending on business travel, meals, hotels, sundry items such as laundry (though usually only on long trips) and similar ad hoc expenditures. [1] These reimbursements often have tax and related implications, and vary depending on the country of the business.
For example, company employees may be given an allowance or per diem to provide for meals, and travel when they work away from home, and then be required to provide receipts as proof, or they may be provided with specific non-money tokens or vouchers such as a meal voucher that can be used only for a specific purpose. [citation needed]
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The cost-of-living allowance is equal to the nominal interest minus the real interest rate. ... described as a per diem allowance or tied to a specific item, as with ...
The business mileage reimbursement rate is an optional standard mileage rate used in the United States for purposes of computing the allowable business deduction, for Federal income tax purposes under the Internal Revenue Code, at 26 U.S.C. § 162, for the business use of a vehicle.
Learner Tien and Alex Michelsen were born about 15 months apart and first crossed paths a decade ago when they were playing in Southern California tennis tournaments for kids. Tien, now 19, and ...
Commissioner v. Kowalski, 434 U.S. 77 (1977), is a decision of the United States Supreme Court relating to taxation of meals furnished by an employer. [1] In this case, the Court interpreted Internal Revenue Code §119(a)-(b)(4) and (d) and Treas. Reg. §1.119-1.