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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.
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 ...
An organization may refund or reimburse these costs on the basis of an itemized list, or may conclude that cost of doing so is disproportionately high and instead pay a per diem ("per day") allowance. This provides a budget from which the traveler may recover their costs.
Multiply your loan amount by the interest rate: $400,000 x 0.06 = $24,000 Divide the interest by 365 to find the daily rate: $24,000 / 365 = $65.75 Multiply the daily rate by the number of days ...
Airline travel in 2025 is set to become more dignified for passengers with disabilities under a new Department of Transportation rule. U.S. Transportation Secretary Pete Buttigieg on Monday ...
Per diem is Latin for "by the day" or "per day" and refers to any arrangement (financial or otherwise) that is per day. Usually, it is financial, it could be any payment per day, including wages, or an allowance. The edit you refer to is to change it to mean the latter. I agree, this is a common, but more specific interpretation.
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Incentive per diem (IPD) was a program created in the United States in 1970 to encourage railroads to purchase new boxcars. Established by the Interstate Commerce Commission (ICC), a regulatory agency overseeing railroads, the program offered significant payments to railroads that purchased new boxcars.